NorthCrest And TriStar To Explore Potential Partnership
NorthCrest And TriStar To Discover Potential Partnership
SPRINGFIELD TENNESSEE: (Smokey Barn Information) – NorthCrest Medical Middle in Springfield introduced at this time that they’re exploring the potential alternative to hitch TriStar Well being, an affiliate of HCA Healthcare.
In keeping with a launch from NorthCrest’s senior management and Board of Trustees, the 2 organizations have signed a non-binding Letter of Intent and are progressing via a due diligence interval, which permits each events to guage a possible transaction whereby NorthCrest Well being would be a part of the TriStar Well being household.
“The announcement is a part of the Board of Trustee’s ongoing strategic planning to find out how finest to fulfill the rising healthcare wants of Robertson County and the encircling area for years to come back.
“As a part of the long-term planning course of for NorthCrest, its senior management group and Board of Trustees have been engaged in a deliberate analysis course of to find out the proper path ahead to make sure the absolute best future for native healthcare in Robertson County and the encircling areas.”
“At the moment is an thrilling second for NorthCrest, as we sit up for how we are going to guarantee high quality healthcare companies for generations to come back,” mentioned Randy Davis, president and CEO of NorthCrest Well being. “As we evaluated all our choices to supply high quality companies whereas assembly the wants of our neighborhood, TriStar Well being has proven the capability to not solely maintain companies but in addition develop our care supply community.”
“At the moment’s announcement doesn’t commit the organizations to at least one one other. Reasonably, it permits TriStar Well being and NorthCrest Well being to proceed to study extra about one another and the chance to completely decide the particular phrases of an settlement that may advance healthcare in the neighborhood.
Between its clinics and NorthCrest Medical Middle, NorthCrest Well being yearly treats greater than 72,000 sufferers, whereas admitting greater than 27,000 sufferers via the emergency division and delivering greater than 600 newborns yearly. These numbers proceed to develop yr after yr.”
“NorthCrest Well being is an important a part of our neighborhood and the significance of the healthcare companies we offer has been magnified this yr by the COVID-19 pandemic,” mentioned Amy Gallagher, chairman of the NorthCrest Well being Board of Trustees. “In our work to repeatedly put together for the long run, we intentionally set out on this journey to discover our choices and determine a companion that may improve healthcare in our neighborhood. The two pandemic additional underscored a purpose of the Board: discover a potential companion with the experience and assets to construct on what we’ve now and take NorthCrest ahead into the long run in a manner that helps our hospital and our individuals to thrive in methods past what we will obtain on our personal.”
“TriStar Well being rose to the highest as a possible companion that understands the significance of healthcare entry in Robertson County and is dedicated to sustaining the companies our neighborhood members have come to depend on,” Gallagher continued. “HCA Healthcare has a protracted, wealthy historical past in our area, relationship again to our hospital’s inception 25 years in the past, they usually proceed to share our imaginative and prescient to boost our neighborhood’s healthcare capabilities.”
“In the end, the Board felt it was necessary that any potential companion perceive the significance of securing the way forward for NorthCrest Well being and its necessary place in the neighborhood. To assist chart the proper path ahead, the NorthCrest Board of Trustees recognized particular desired qualities of any potential companion, together with a monitor document of offering high-quality care, worker satisfaction and dedication to the neighborhood.
“Notably, NorthCrest Medical Middle was initially funded via bonds co-signed by Dr. Thomas Frist, Sr., founding father of HCA Healthcare, and was managed by HCA Healthcare till 2005. Whereas below HCA Healthcare administration, the hospital recognized the neighborhood want for a cardiac catheterization lab and a bigger emergency division to supply essential companies to the realm.
“Our distinctive relationship with NorthCrest Well being is one that’s rooted in deep historical past and a shared dedication to the care and enchancment of human life,” mentioned Heather Rohan, HCA Healthcare TriStar Division President. “NorthCrest Well being’s dedication to serving the neighborhood displays the identical guiding ideas as TriStar Well being and we sit up for our continued collaboration on this course of.”
Whereas no remaining selections have been made, at this time’s announcement is a crucial step within the strategy of the partnership exploration between NorthCrest Well being and TriStar Well being. Because the organizations transfer via a due diligence course of, extra updates can be offered, as obtainable, within the weeks forward.
To study extra about this potential partnership, please go to www.NorthCrest.com.
About NorthCrest Well being
NorthCrest Well being has served Northern Center Tennessee and Southern Kentucky since 1956. NorthCrest Well being consists of groups at NorthCrest Medical Middle, NorthCrest medical workers, and NorthCrest Doctor Providers. NorthCrest Medical Middle, situated in Springfield, TN is a 109-bed not-for-profit acute care hospital.
NorthCrest Doctor Providers is dwelling to a collaborative group of doctor specialists serving the realm in quite a lot of areas. The aim of NorthCrest Well being is to attach our neighborhood with high quality well being schooling, assets, and suppliers within the mission to foster higher well being.
About TriStar Well being
TriStar Well being is the most important and most complete healthcare supplier in Center Tennessee, comprised of ten hospitals, 21 imaging facilities, 110 doctor places of work, 4 freestanding ERs, six outpatient surgical procedure 3 facilities, 15 CareNow® Pressing Care facilities and 9 medical parks. TriStar Well being gives the most recent in medical know-how and modern procedures, whereas delivering the best high quality care.
The TriStar Well being community had over 2.2 million encounters final yr, together with 459,988 ER visits, 60,927 inpatient admissions and seven,087 infants delivered and gives $132 million yearly in uncompensated care.
The community is supported by over 1,400 physicians and 10,000 workers – together with greater than 4,000 nurses – who, above all else, are dedicated to the care and enchancment of human life. TriStar Well being is an affiliate of HCA Healthcare, one of many nation’s main suppliers of healthcare companies. Be taught extra at TriStarHealth.com.