The university would be able to go after various joint ventures, such as hospital partnerships, if the proposed nonprofit corporation becomes a reality, according to the report.
One potential venture is joining Vantage Healthcare of Ohio, an alliance of eight area hospitals — including Fulton County Health Center in Wauseon, Ohio and Community Hospitals and Wellness Centers in Bryan, Ohio. David Morlock, executive vice president of finance and administration and CEO of the University of Toledo Medical Center, told The Blade that the university has not been invited and has not officially petitioned to join Vantage, but a separate entity would be required if the university did want to pursue such a joint venture.
A more detailed plan for the proposed University of Toledo Health is expected to go before the board of trustees’ clinical affairs committee and the full board at a later time.
More articles on transactions and valuation issues:
Alexian Brothers Health System, Adventist Midwest Health form third-largest system in Illinois
Inova plans center for personalized health
Tuomey, Palmetto Health looking at partnership
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
