Kaufman Hall Advised Saint Luke’s Health System on Continuing Care Retirement Community Partnership

SKOKIE, Ill. – April 5, 2017 – Bishop Spencer Place (BSP), a continuing care retirement community (CCRC), transferred its membership interest to Saint Luke’s Health System (SLHS) of Kansas City in December 2016. Kaufman Hall served as strategic and financial advisor to SLHS with the formal affiliation which expands the health system’s post-acute network.

As discussed in the Kaufman Hall article “Achieving An Aligned Post-Acute Network: What’s Your Strategy?,” post-acute care (PAC) services are of significant interest as hospitals and health systems look to reduce costs, improve quality, and develop their clinical delivery networks under value-based arrangements. Partnering with and/or managing a network of PAC providers better positions hospitals and health systems for success under risk- and value-based payment models, such as shared savings, and bundled and capitated payment.

Founded as a faith based, not-for-profit organization, SLHS is a $1.6 billion health system that serves the metropolitan Kansas City area and the surrounding region. BSP, also faith based and not-for-profit, is located near SLHS’ flagship hospital in Kansas City. BSP provides both independent and assisted living, as well as skilled nursing, rehabilitation, and private-duty care.

SLHS retained Kaufman Hall to conduct an in-depth operational, strategic, and financial analysis and assessment of BSP. Kaufman Hall also provided assistance with due diligence and definitive agreement negotiations.

To learn more about how Kaufman Hall is assisting healthcare organizations with mergers and other strategic partnerships, contact Andre Maksimow at AMaksimow@kaufmanhall.com or 847.441.8780.

About Kaufman Hall

Kaufman Hall provides management consulting and software to help organizations realize sustained success amid changing market conditions. Since 1985, Kaufman Hall has been a trusted advisor to boards and executive management teams, helping them incorporate proven methods into their strategic planning and financial management processes, and quantify the financial impact of their plans and strategic decisions to consistently achieve their goals.

Kaufman Hall services use a rigorous, disciplined, and structured approach that is based on the principles of corporate finance. The breadth and integration of Kaufman Hall advisory services are unparalleled, encompassing strategy; financial and capital planning; cost transformation; treasury and capital markets management; and mergers, acquisitions, partnerships, and joint ventures.

Kaufman Hall software includes the Axiom Healthcare Suite, providing sophisticated, flexible performance management solutions that empower finance professionals to analyze results, model the future, and optimize organizational decision making. Solutions for long-range planning, budgeting and forecasting, performance reporting, capital planning, and cost accounting deliver decision support, reporting, and analytics within an integrated software platform. Kaufman Hall’s Peak Software empowers healthcare organizations with clinical benchmarks, data, and analytics to provide a higher quality of care for optimized performance and improved patient outcomes.