Longmont United Hospital and Centura Health Sign Letter of Intent to Affiliate
(LONGMONT, COLO.) Richard Lyons, Chairman of the Board of Longmont United Hospital, announced today that Longmont United Hospital has signed a letter of intent to affiliate with Centura Health, the region's leading health care network. Under the proposed agreement, Longmont United Hospital would become the 16th hospital operated and managed by Centura Health in exchange for a commitment of the capital and resources to ensure the hospital continues to meet the health care needs of Longmont and the surrounding communities for generations to come.
The letter of intent allows Longmont United Hospital and Centura Health to complete due diligence and finalize an affiliation agreement. The affiliation may be effective in the first half of 2015, pending legal and regulatory reviews. Longmont United Hospital has been serving Longmont and the surrounding area since 1959.
"Longmont United Hospital is a community asset and we understand the pride that exists for many people in the community. We also understand that health care as we currently know it is undergoing dramatic change," said Lyons. "For this reason, Longmont United Hospital's Board of Directors, and Leadership, have been reviewing strategic options for the Hospital to remain an essential community provider in a new era of health care," he added.
Due to the size of the federal budget deficit, the annual increase in Medicare, the percentage of healthcare spending to GDP, State Medicaid programs that are unsustainable and the continued transfer of costs to employers and consumers, Longmont United Hospital has been concerned with ensuring that quality health care continues to be provided. A new set of core competencies will be required for provider success in the future. These competencies include:
- Financial Strength and Capital Capacity
- Physician Integration
- Care Coordination/Management Infrastructure
- Information Technology Sophistication
- Service Delivery System Rationalization
- Cost Effectiveness
- Market Essentiality
- Risk Absorption and Management
- Payer Relationship Management.
"Because of Longmont United Hospital's stability and consistent performance, the Board of Directors had a wide variety of the best healthcare systems in the state and region to consider concerning an affiliation. We felt that aligning with Centura Health provided the best path forward now, and in the future," Lyons stated.
Longmont United Hospital elected to join Centura Health as it is the region's health care leader. Through their 15 hospitals, six senior living communities, health neighborhoods, physician practices and clinics, home care and hospice services, and Flight For Life Colorado, including approximately 23,100 of the best hearts and minds in medicine, they are committed to increasing convenience and availability of services, enhancing care coordination, reducing costs and improving health outcomes.The affiliation will enable increased quality of care, improved access, enhanced access to capital and the optimization of health care value by better organizing how care is delivered.
We are pleased to welcome Longmont United Hospital into the Centura Health family and humbled that they have selected us to be their partner, said Gary Campbell, president and CEO, Centura Health. Both Centura Health and Longmont United Hospital have strong legacies of serving their communities and we are confident our aligned mission and values, as well as our shared commitment to excellence, will position us to successfully collaborate to fulfill that covenant, optimizing health care value throughout the region.
"Longmont United Hospital has undergone a comprehensive process and an extensive evaluation to ensure that we continue to provide the highest quality healthcare possible to the community and patients we serve. The new affiliation will allow us to continue to do that," noted Lyons.
Longmont United Hospital's mission remains the same and the focus on community will remain the same. The Hospital will continue to have a local face overseen by a local board of community representatives.
For more information visit Longmont United Hospital website.
About Longmont United Hospital
Longmont United Hospital is a full service, community hospital with specialty areas in Women's & Children's Services, Cardiology, Comprehensive Surgical Services, Cancer Care, Emergency and Trauma Services, Orthopedic Services, and Neurosurgery. It offers quality inpatient and outpatient health care services in addition to 24-hour emergency department services. The Emergency Department is a Level III trauma center that treated more than 32,000 patients last year. VisitLongmont United Hospitalwebsite.
About Centura Health
Centura Health connects individuals, families and neighborhoods across Colorado and western Kansas. Through our 15 hospitals, six senior living communities, health neighborhoods, physician practices and clinics, home care and hospice services, and Flight For Life Colorado, we are making the regions best health care accessible and affordable in every community we serve. Sponsored by Adventist Health System and Catholic Health Initiatives, we believe you can inspire the people you care about to live healthier lives by encouraging them to do the little things that can make a big difference. Were Centura Health, and were here for your health. For information about Centura Health or any of the facilities in our network, please visit Centura Health website.
Director of Strategic Planning & Business Development
Longmont United Hospital
Manager, Strategic Communications