Ohio System Sells Stake in Hospital to Orthopedic Surgeons, Beats Health Reform Deadline

A small Ohio hospital system sold a stake in one of its hospitals to a group of orthopedic surgeons immediately before enactment of the federal health reform law, according to a report by the Chronicle-Telegram.

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EMH Regional Healthcare System in Elyria, Ohio, sold 50 percent ownership in Amherst (Ohio) Hospital, the smaller of its two hospitals, to members of five-surgeon Center for Orthopedics in Westlake, Ohio.

The timetable for changing ownership of the 60-bed, five-OR hospital had to be accelerated to comply with the new law, which immediately limits aggregate increases in physician ownership of hospitals.

Read the Chronicle-Telegram’s report on Amherst Hospital.

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