SKOKIE, Ill. – November 29, 2017 – Emory Healthcare (Emory) and DeKalb Medical (DeKalb) recently signed a letter of intent to develop a strategic partnership.
Kaufman Hall is serving as the exclusive advisor to Emory.
DeKalb Medical has been seeking opportunities to affiliate with an organization that offers resources and capabilities that could help ensure the system remains an essential community provider in DeKalb County. The letter of intent signals the beginning of the process to formulate a definitive agreement to bring the two health systems together under Emory Healthcare system.
Emory Healthcare is the most comprehensive health system in Georgia, and includes the Emory Healthcare Network, a clinically integrated network with nearly 2,000 Emory and private practice physicians and seven hospitals in Metro Atlanta, the Emory Clinic, the Emory Wesley Woods campus, 200 provider locations across the state, and nearly 60 urgent care clinics in Metro Atlanta.
DeKalb Medical is a not-for-profit health system consisting of three hospitals in DeKalb County, Georgia as well as 50 DeKalb Medical Physicians Group offices with 115 providers in DeKalb and Gwinnett counties. Its medical staff includes more than 800 physicians in 49 specialties.
We’ve identified eight steps healthcare leaders need to be vigilant about throughout the acquisition process in order to find an optimal strategic partner.
"Both Emory and DeKalb Medical have a strong and historical commitment to providing exceptional care to the community," says Jonathan S. Lewin, MD, Emory University executive vice president for health affairs and CEO of Emory Healthcare. "We understand the importance of both community hospitals and academic medical centers in delivering optimal care to our patients. A partnership with DeKalb Medical will strategically support these efforts".
“We are excited about the future,” said Robert E. Wilson, president and CEO of DeKalb Medical. “Our community has counted on us for 56 years and we’ve always been here – growing to meet our community’s needs. This partnership will strengthen our ability to continue to deliver high quality community-based healthcare.”
The two institutions anticipate finalizing the partnership in 2018, after receiving final approval from regulatory agencies.
Kaufman Hall's experts bring a unique skill set to buy-side advisory engagements, including a breadth of experience and capabilities, and a depth of healthcare financial knowledge. To learn more about this transaction, please contact Courtney Midanek at 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.