Port Huron, MI – The Blue Water Health Services Board of Directors announces today that it is evaluating the potential acquisition of Port Huron Hospital and its subsidiaries by a larger non-profit or for profit organization to help meet our long-term needs.
“We looked at the shrinking population and economic downturn the Port Huron area has experienced over the last few years. Then we looked ahead to continued reductions in Medicare reimbursement and unprecedented changes mandated by the Affordable Care Act. We realized we need to investigate options that will help the community continue to access local, high quality healthcare,” says Tom DeFauw, president and CEO, Port Huron Hospital.
Requests for proposals will be issued this summer. The process could take up to one year to complete. The Blue Water Health Services board is directing the review process with the help of Juniper Advisory, a Chicago-based financial advisory firm. Patient care services will not be interrupted or changed through the evaluation process.
“Port Huron Hospital has a strong operating margin and continues to have a solid bottom line with very little debt,” says David Thompson, chairman of the Blue Water Health Services board. “That’s why we’re looking at options now, while we can evaluate our choices from a position of strength. We’re giving ourselves time to conduct a thorough review.”
“The board will be considering larger, not-for-profit or for-profit organizations that can secure the hospital’s future and continue to care for the community. We are looking for a partner that will understand and respect the local culture and enable us to advance and expand access to care,” says Thompson. “For patients, it is our hope that an acquisition could result in expanded services, facility modernization and the purchase of new technology. Access to the most advanced care in our community remains a top priority of the board.”
Port Huron Hospital will provide updates to the community as the review process proceeds. Community members can go to www.porthuronhospital.org/ask to submit questions about the process.
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About Blue Water Health Services
Blue Water Health Services, incorporated in 1981, is a network of healthcare services that includes Port Huron Hospital, Marwood Nursing and Rehab; Willow Enterprises composed of Port Huron Hospital Medical Equipment, Port Huron Hospital Pharmacy Place and Port Huron Hospital Industrial Health Services; Parkview Property Management Corporation; and Port Huron Hospital Foundation.
About Port Huron Hospital
Port Huron Hospital is a 186-bed, not-for-profit, community hospital that provides a full spectrum of inpatient and outpatient healthcare services to residents in St. Clair and Sanilac counties. Committed to making a positive difference in the health of our communities since 1882, Port Huron Hospital has been recognized repeatedly for clinical excellence and patient safety by nationally renowned organizations known for their measurements of hospitals and healthcare systems.
Among hospital services are specialized centers including the Women's Wellness Place, Port Huron Hospital Physical Therapy, Port Huron Hospital Bariatric Center of Michigan, Port Huron Hospital Wound Healing, Port Huron Hospital Pain Services, Port Huron Hospital Center for Sleep Medicine and Port Huron Hospital Outpatient Counseling.