9 Recent Strategic Investments by Hospitals

Here are nine strategic investments hospitals made in the past month, beginning with the most recent.

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1. University of Cincinnati is considering partnering with Chongqing Medical University in China to start a joint-venture medical school there.

2. While at the surface contradictory, the decision by Lawrence & Memorial Hospital in New London, Conn., to lay off employees while expanding through an acquisition and construction is part of its strategy to grow while cutting costs.

3. WellStar Kennestone Hospital filed a letter of intent with the Georgia Department of Community Health to build a $23 million outpatient surgery center in Woodstock, Ga.

4. Albany, N.Y.-based St. Peter’s Health Partners announced a $150 million master facilities plan to upgrade its two hospitals in Troy, N.Y.

5. The Reading (Pa.) Hospital changed its name to Reading Health System to better reflect its identity.

6. The Nashville Health Care Council, an association of healthcare industry leaders, announced the launch of a new initiative with former U.S. Senate Majority Leader Bill Frist, MD, to foster innovation in healthcare strategies.

7. The Indiana University School of Medicine in Indianapolis and Merck, a company producing medicines and other healthcare products, announced a new partnership between Merck and the Regenstrief Institute, a medical research and informatics organization closely associated with IU School of Medicine.

8. Portland, Ore.-based Legacy Health may embark on a 10-year expansion project which would include a new patient tower.

9. Cleveland Clinic and GE Healthcare were named the first two “big-name” tenants for the Medical Mart, a healthcare complex aimed at attracting visitors and stimulating the economy in Greater Cleveland.

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