By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Health Works CollectiveHealth Works CollectiveHealth Works Collective
  • Health
    • Mental Health
    Health
    Healthcare organizations are operating on slimmer profit margins than ever. One report in August showed that they are even lower than the beginning of the…
    Show More
    Top News
    first aid guide
    A Deep Dive into First Aid and CPR Certification
    February 19, 2024
    back pain
    No More Aches! A Guide To Effective Back Pain Relief
    March 28, 2024
    workplace first aid
    First Aid Training Can Improve Workplace Health & Safety
    June 27, 2024
    Latest News
    Why Custom Telemedicine Apps Outperform Off‑the‑Shelf Solutions
    July 20, 2025
    How Probate Planning Shapes the Future of Your Estate and Family Care
    July 17, 2025
    Beyond Nutrition: Everyday Foods That Support Whole-Body Health
    June 15, 2025
    The Wide-Ranging Benefits of Magnesium Supplements
    June 11, 2025
  • Policy and Law
    • Global Healthcare
    • Medical Ethics
    Policy and Law
    Get the latest updates about Insurance policies and Laws in the Healthcare industry for different geographical locations.
    Show More
    Top News
    healthcare literacy
    Are You Health Literate?
    July 4, 2012
    Patient Power in Indiana
    December 9, 2011
    2/365 teenage pregnancy
    Make IUDs and Implants More Affordable and Accessible for Teens
    September 25, 2012
    Latest News
    How IT and Marketing Teams Can Collaborate to Protect Patient Trust
    July 17, 2025
    How Health Choices and Legal Actions Intersect After an Injury
    July 17, 2025
    How communities and healthcare providers can address slip and fall injuries with legal awareness
    July 17, 2025
    Let Your Lawyer Handle the Work Before You Pay Medical Costs
    July 6, 2025
  • Medical Innovations
  • News
  • Wellness
  • Tech
Search
© 2023 HealthWorks Collective. All Rights Reserved.
Reading: Where Have All the Independent Hospitals Gone? In Cleveland, Into the Mouths of the Big Guys
Share
Notification Show More
Font ResizerAa
Health Works CollectiveHealth Works Collective
Font ResizerAa
Search
Follow US
  • About
  • Contact
  • Privacy
© 2023 HealthWorks Collective. All Rights Reserved.
Health Works Collective > Business > Hospital Administration > Where Have All the Independent Hospitals Gone? In Cleveland, Into the Mouths of the Big Guys
BusinessHospital AdministrationNews

Where Have All the Independent Hospitals Gone? In Cleveland, Into the Mouths of the Big Guys

Deanna Pogorelc
Deanna Pogorelc
Share
3 Min Read
SHARE

University Hospitals(Frist published on MedCityNews)  National hospital M&A trends have played out pointedly on the stage of greater Cleveland, which is home to two non-government hospital Goliaths, Cleveland

University Hospitals(Frist published on MedCityNews)  National hospital M&A trends have played out pointedly on the stage of greater Cleveland, which is home to two non-government hospital Goliaths, Cleveland Clinic and University Hospitals. That was reinforced today as Parma Community General Hospital – one of the few remaining independent hospitals which operates in the western suburbs of Cleveland – said it signed a letter of intent to explore a merger with UH.

It’s a big deal because, just two summers ago, Parma formed a collaborative with two other small systems in the area so that they could work together to avoid this very situation. One of the other independents involved, EMH Regional Healthcare System, announced plans to merge with UH last month.

Big hospital players are scooping up smaller ones to expand their geographic reach, add new service lines and talent, and boost their market share and negotiating power. For the smaller guys, a merger or acquisition can bring greater financial stability amid healthcare reform and shifts in reimbursement.

More Read

MedStar SiTEL Achieves Accreditation by SSH
What Does Transparency in Healthcare Mean to You?
Hello from Boomer Voice Suzie Mitchell: Boomers and Digital Devices
CMS and Healthcare Reform: What’s the Connection?
Deploying Health IT and Patient-Centered Process Improvement for Innovation

Terrence Deis, president and CEO of Parma Hospital, said in a joint statement that cost pressures have made it difficulty for the hospital to prosper and grow.

The most recent data from the American Hospital Association shows that only 39 percent of community hospitals were independent facilities in 2011. The following year, hospital M&A hit its highest level of activity since 2000, according to a January report from Fitch Ratings.

The result of all of this consolidation? According to a 2012 report issued by the Robert Wood Johnson Foundation, it’s creating an increase in the price of hospital care and having an unclear effect on quality. The American Hospital Association has fought back on the big bad hospital chain play, saying that the overwhelming majority of transactions over the past six years have been procompetitive and in support of higher quality and lower costs (PDF).

Parma and UH say the evaluation process will take several months, with a final agreement expected by the end of the year.

TAGGED:Hospital acquisitions
Share This Article
Facebook Copy Link Print
Share

Stay Connected

1.5kFollowersLike
4.5kFollowersFollow
2.8kFollowersPin
136kSubscribersSubscribe

Latest News

botox certification
Help Improve People’s Skin Health Via Botox Certification
Skin Specialties
July 22, 2025
Telemedicine Apps
Why Custom Telemedicine Apps Outperform Off‑the‑Shelf Solutions
Health
July 20, 2025
Grounded Healing: A Natural Ally for Sustainable Healthcare Systems
How IT and Marketing Teams Can Collaborate to Protect Patient Trust
Global Healthcare Policy & Law
July 17, 2025
paramedics in surgical gloves and masks
How Health Choices and Legal Actions Intersect After an Injury
Health care
July 16, 2025

You Might also Like

ebola fear
Global HealthcareNews

Ebola: America Driven by Fear

November 3, 2014
hair transplants for cancer patients
News

Why Reputable Hair Transplant Clinics Can Help Cancer Patients

March 21, 2023
small businesses and obamacare
BusinessFinanceHealth ReformPolicy & LawPublic Health

Small Businesses and the Not-So-Affordable Care Act

December 25, 2013

5 Points to Consider to Perfect Your Slide Title

March 16, 2014
Subscribe
Subscribe to our newsletter to get our newest articles instantly!
Follow US
© 2008-2025 HealthWorks Collective. All Rights Reserved.
  • About
  • Contact
  • Privacy
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?