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Indiana Hospital Mergers, Acquisitions, & Expansions

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Indiana Hospital Mergers, Acquisitions, & Expansions Indiana Hospital Mergers, Acquisitions, & Expansions Updated: September 20, 2021 This document notes hospital/hospital-system mergers, acquisitions, and expansions in Indiana. The information noted has been gathered from reviewing news articles, thus is not meant to serve as a comprehensive list of all such transactions. Each description is taken from its corresponding linked article. This document will be periodically updated. Hospital/Hospital-System Name Ascension St. Vincent Ascension St. Vincent Investing $325M to Expand Indy Campus • June 3, 2021 • Ascension St. Vincent is investing $325 million to expand the system’s flagship campus at 86th Street in Indianapolis. The expansion at Ascension St. Vincent Hospital will include the relocation of Ascension St. Vincent Women’s Hospital and 109 new private NICU rooms, a new Brain and Spine Hospital and new parking garage and additional surface parking. • Link Nalli: Expansion Continues Commitment to Indiana • May 17, 2021 • Ascension St. Vincent Indianapolis Chief Executive Officer Jonathan Nalli says the health system’s planned $325 million expansion of its northwest side Indy campus will create a center offering services for patients statewide and throughout the Midwest. • Link Ascension St. Vincent unveils three major projects on 86th Street campus worth $325M • May 10, 2021 • Ascension St. Vincent is planning three major construction projects worth a total of $325 million at its flagship West 86th Street health care campus over the next three years, representing one of its largest capital investments in decades. • Link Ascension St. Vincent expands Indianapolis cancer center • November 25, 2019 • Ascension St. Vincent is expanding its cancer care center on West 86th Street by about 3,700-square- feet to make room for a third medical linear accelerator. The expansion does not include any new treatment areas. Developed by the Employers' Forum of Indiana • Link Baptist Health Baptist Health breaks ground on Southern Indiana’s first freestanding ER and UC facility • July 21, 2021 • It’s a $10.6 million partnership that is the first of its kind in Southern Indiana. Baptist Health has joined forces with Dallas-based Intuitive Health to bring the first hybrid emergency room and urgent care clinic to Southern Indiana. A formal groundbreaking was held July 21 and the facility is expected to open in spring 2022. • Link Beacon Health Beacon Health to construct 2 outpatient centers in Indiana • May 20, 2021 • Beacon Health has begun constructing two outpatient centers in Goshen and Nappanee, Ind., which will cost a combined $15.4 million. • Link Clark Memorial Health Clark Memorial, Norton, LifePoint break ground on free-standing ER in Jeffersonville • August 11, 2021 • Local officials and health professionals broke ground Wednesday on a freestanding emergency room in Jeffersonville, which they say is an important new build along the city’s growing Indiana 62/10th Street corridor. The new health care center, a collaborative project between Clark Memorial Health, Norton Healthcare and LifePoint Health is a 60,000-square-foot facility that will offer 24/7 emergency services, as well as outpatient imaging, CT and MRI scans, primary care and behavioral health. The plan was announced in May and is expected to be completed by summer 2022. • Link Clark Memorial Health expanding in Southern Indiana • May 25, 2021 • Clark Memorial Health (CMH) announced Tuesday a collaboration with Norton Healthcare and LifePoint Health to bring a free-standing emergency department, imaging center and medical office building to Southern Indiana. The new facility will be located off Indiana 62 in Jeffersonville, near Interstate 265 and the 6,000-acre River Ridge Commerce Center/Industrial Park. • Link Columbus Regional Health Columbus Regional Health buys 800-acre, west-side site for future expansion • March 2, 2018 Developed by the Employers' Forum of Indiana • Columbus Regional Health purchased about 800 acres on the west side of Columbus, where future health services will be located. • Link Community Health Network Fairbanks Continues Community Health Integration • July 23, 2021 • Indianapolis-based Community Health Network has announced the next phase of the integration of Fairbanks, one of the largest substance-use treatment programs in the state, with the renaming of the facility to Community Fairbanks Recovery Center. Fairbanks says it will continue to provide treatment programs at its current location on the campus of Community Hospital North. • Link Community makes latest push into oncology with $60M cancer center • April 21, 2017 • The new cancer center on the Community Hospital North Campus is at 104,000-square-feet, and about four times as large as the old center it is replacing. According to this article, Community Health Network has opened a cancer center at Community Health South campus and expanded the cancer centers at three other campuses. According to Community’s president and CEO Bryan Mills, the investment is a response to cancer as a fast-growing disease area with high rates of survival. • Link Daviess Community Hospital Daviess Community Hospital partners with new physician group for emergency services • January 20, 2021 • Daviess Community Hospital is pleased to announce its new Emergency Medicine partnership with Paradigm, whose providers will be providing patient care in the hospital’s Emergency Department (ED) effective February 1, 2021. • Link Deaconess Health Baptist Health, Deaconess announce joint operation of Madisonville hospital • January 19, 2021 • The Baptist Health and Deaconess Health System boards of directors have signed a memorandum of understanding to create a joint venture to operate the Madisonville hospital and medical group. It’s expected to be finalized this summer. • Link Franciscan Health Developed by the Employers' Forum of Indiana Franciscan Announces Cancer Center • September 14, 2021 • Franciscan Health has announced plans to invest $43 million to build a new comprehensive cancer center in Lafayette. The Mishawaka-based health system says the three-story, 68,000-square-foot center will consolidate and expand existing services into one location on the Franciscan Health Lafayette East campus. • Link Franciscan Health Opens 25-Bed Expansion, $16.5M • January 22, 2021 • The $16.5 million third-floor north tower expansion at Franciscan Health Munster, 701 Superior Ave., adds approximately 20,000 square feet with 25 private patient rooms. A handful of the new rooms are considered specialty rooms that can accommodate bariatric patients, ADA patients, and patients requiring isolation. The new addition brings the total number of inpatient hospital beds at the hospital up to 88. • Link Franciscan Health Munster Completes Expansion • January 11, 2021 • Mishawaka-based Franciscan Health is celebrating the opening of its $16.5 million surgical unit expansion at Franciscan Health Munster Hospital. The health system says the project adds 20,000 square feet and 25 private patient rooms. • Link Franciscan Health CEO: New $200M hospital part of regional strategy • October 5, 2020 • A new $200 million hospital is all part of the regional strategy in which Franciscan Health is following. This hospital will replace the aging Franciscan Health Crown Point when it is completed in 2023. • Link Officials Break Ground on New Franciscan Health Crown Point Hospital, The Center of A 500-Plus-Acre Development • September 25, 2020 • The $200 million hospital is the centerpiece of the project at the southeast corner of I-65 and U.S. 231 that will include the expansion of Franciscan Health Franciscan Point and a doubling in size of the existing University of St. Francis campus. • Link Plan commission approves first phase of new Crown Point hospital; work set to begin next month • August 18, 2020 Developed by the Employers' Forum of Indiana • The Plan Commission approved the first phase of a new $200 million Franciscan Health hospital slated to begin in mid-September in Crown Point. • Link Franciscan Physician Network Gastroenterology Crown Point Opens • July 31, 2020 • Franciscan Physician Network Gastroenterology Crown Point has opened in the Franciscan Health Medical Arts Center next to Franciscan Health Crown Point, with physicians Omar Nehme, MD, and Julia LeBlanc, MD, MPH. • Link Franciscan Physician Network opens new Valparaiso location • July 29, 2020 • A second Valparaiso Franciscan Physician Network location has been opened, where patients can see orthopedics and gastroenterology specialists. • Link o Alternate Link: July 11, 2020 Plan commission OKs first steps for future hotel and office, orthopedic center: • October 19, 2019 • On October 15th, the Carmel Plan Commission approved a site plan and design for the Franciscan Orthopedic Center of Excellence. Methodist Sports was requesting approval for a 236,231-square- foot orthopedic hospital, surgery center, medical office building, and 664-space parking garage on 10.8 acres at 10800 Illinois Street. • Link Franciscan Health Mooresville Plans Major Improvements, Expansion • June 14, 2019 • Franciscan Health Mooresville, Morgan County’s only full-service hospital, began to update and modernize systems and infrastructure of the hospital campus, paving the way for future project plans, including Phase 2 construction. Phase 2 construction will include demolition and of the Women Center’s lobby and construction of a new 50,000-square-foot medical office building. This $17 million complex is projected to complete in late 2020. •
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