Successfully Navigating the Strategic Partnering Process
Client Profile:
A 200-bed acute care, sole community hospital, medical practice and affiliated provider organizations.
Challenge:
Our client is a successful and very progressive standalone health system and operates the only hospital in their county. The hospital has a very strong tie to the community having been founded in the 1940s by community members, some of whom have direct ties to today's Board of Directors.
As part of the System’s strategic planning process, management assessed the future healthcare needs of their service area and determined that alternative sources of capital or partnering were needed to support the vision for new and expanded facilities and services. The Board strongly endorsed the vision, but wanted to explore alternative options for financing before pursuing strategic partnering. We were retained to assist the Board with this exploration.