Chicago, IL, July 17, 2019 – Earlier this week, Reid Health (“Reid”), a regional health system serving east central Indiana and west central Ohio, and Fayette Regional Health System (“Fayette”), located in Connersville, Ind., entered into an agreement for Reid to acquire a substantial portion of the assets of Fayette.
Kaufman Hall served as advisor to Reid Health throughout the acquisition process.
Reid’s main hospital campus, located in Richmond, Ind., includes a 221-bed inpatient hospital and 50 satellite locations in 9 regional counties. Reid currently provides a wide scope of services in Connersville that include primary, specialty and urgent care, lab and radiology.
Fayette includes a 105-bed hospital campus and ancillary locations which are supported by a team of over 450 employees that offer emergency, family, specialty, and behavioral health care. Fayette’s operating performance had deteriorated over several years, culminating in it seeking bankruptcy protection in October 2018.
To learn more about how Kaufman Hall is assisting healthcare organizations with mergers, acquisitions, and other strategic partnerships, contact Matt Robbins [firstname.lastname@example.org] at 224.724.3262.
About Kaufman Hall
Kaufman Hall provides a unique combination of software, management consulting and data solutions to help society’s foundational institutions to 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, rigorous analytics, and industry-leading solutions into their strategic planning and financial management processes, with a focus on achieving their most challenging 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 Software 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 Clinical Analytics empower healthcare organizations with clinical benchmarks, data, and analytics to provide a higher quality of care for optimized performance and improved patient outcomes.