Brawn and brains

Nashville for-profits find strategic opportunities with academic medical centers
Nov 15, 2015 12:20 PM
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Capella, MUSC JV to buy South Carolina system

The joint venture between Capella Healthcare and the Medical University of South Carolina has signed a definitive agreement to acquire KershawHealth, a Camden, South Carolina health system.

The deal was first announced last year, following the launch of Capella-MUSC Health Network, a clinical partnership between the two entities. The deal was then valued at $45 million, according to a release.

Terms of the acquisition were not announced Friday and the deal is expected to close November 1. Capella-MUSC will assume control of the system's 121-bed medical center, a 96-bed long-term care center, an outpatient and urgent care facility, a sleep diagnostic center and home health and hospice services.

"As we’ve gotten to know the healthcare providers and community here over the past year, we’ve become even more enthused about this unique partnership," Michael Wiechart, Capella president and CEO, said in a release. "Like us, KershawHealth is committed to providing the highest quality of care and to exceeding patients’ expectations.  With more than a century of service, KershawHealth is a significant and well-respected community asset, and we are ecstatic to become its partner for the future. Our goal in working together is to ensure the continued delivery of high quality local healthcare, expand services, and provide seamless access to the advanced care available through MUSC Health.”

Sep 25, 2015 12:50 PM

Capella names new CFO

Former Martin Ventures exec to join Franklin hospital company
Sep 4, 2015 12:26 PM

Capella names new division president

Former LifePoint leader to oversee hospital operations support
Sep 3, 2015 6:58 AM

Alabama REIT buying Capella for $900M

Senior execs to continue to manage hospital operations
Jul 27, 2015 3:52 PM

Saint Thomas to buy out Capella from JV

As local system acquires four hospitals, Capella drops Tennessee portfolio
Jul 24, 2015 1:52 PM

Capella to buy two hospitals from Saint Thomas parent company

Deal adds first Idaho facility for Franklin hospital company
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Data Bank: Locally-owned hospitals in federal exchange states

Hospitals, insurance companies wait for Supreme Court decision
Jun 24, 2015 2:54 PM

Earnings wrap: Capella, Iasis

Capella adjusted EBITDA up nearly 40%; Iasis sees drop in insurance arm’s medical loss ratio
May 15, 2015 1:36 PM

Capella promotes seven, including two to VP

Capella Healthcare announced Thursday seven promotions, including Angie Mulder to vice president, corporate compliance officer and Andretta Reed to vice president, HIM operations and coding. Mulder is a former senior director of ethics and compliance at LifePoint Hospitals, while Reed joined Franklin-based Capella in 2012 as director of coding and revenue integrity.

The company also announced the following promotions:

•Brent Jean, assistant vice president of reimbursement
•Scott Fleischer, director of financial IT applications
•Barb Hojer, director of human resources
•Kevin Townes, director of technical services
•Amanda Herbert, senior analyst of patient portals

"We are pleased to announce promotions for these high-performing members of our corporate resource team," Michael Wiechart, Capella CEO, said in a release. "Capella has a talented and experienced team of colleagues that are dedicated to serving our hospitals. Health care is complex industry and it is vital that hospitals have access to strong leadership resources. Or corporate resource team is a vital part of our hospitals' success."

Apr 24, 2015 7:00 AM