After nearly a year
in merger talks, Methodist Hospitals has ended negotiations with Franciscan
Alliance, Methodist Hospitals announced in a statement released on Thursday.
“In 2016, spurred
by significant shifts within the healthcare industry, Methodist Hospitals
Board and leadership embarked on a process to consider partnering with
another health care system,” according to that statement. “Over the past 10
months, exclusive discussions have been conducted with Franciscan Alliance.
During this time, leadership from both systems and our communities worked
diligently to assess what a partnership might mean for employees,
physicians, patients, and the communities of Northwest Indiana.”
after months of thorough and thoughtful negotiations, we were unable to
align on critical issues around the financial, operational, and clinical
service line implications of the proposed partnership,” the statement said.
“These discussions were compounded by headwinds in the healthcare industry.
We are disappointed that this partnership did not come to fruition.”
Hospitals is resolute in its commitment to continue to look for the right
opportunities to chart a path forward that will ensure sustainability,
continued growth and success,” the statement said. “In the meantime, we are
financially sound and are confident in our ability to continue navigating
the current marketplace. In just the past few months, Methodist earned The
Joint Commission’s Gold Seal of Approval for Hospital Accreditation, was
verified as a Level III Trauma Center by the American College of Surgeons,
and received Magnet recognition from The American Nurses Credentialing
achievements reflect Methodist Hospitals’ commitment to excellence and
quality, and reaffirm our role as a leading health system in the region,”
the statement concluded. “We will continue building on our history of
excellence, guided by a commitment to do what is in the best interest of our
patients, employees, physicians and community.”