Premier Health Partners Announces Proposed Joint Operating Agreement with Greene Health Partners
Note: The proposed joint operating agreement between Premier Health Partners and Greene Health Partners was not concluded.
Xenia, OHIO – November 15, 2006 – Greene Health Partners and Premier Health Partners announced that they intend to enter into a joint operating agreement. A notice of this intention is being submitted today to the Attorney General’s office of the State of Ohio. Under the proposed Joint Operating Agreement, Greene Memorial Hospital and its affiliates will become part of Premier Health Partners, the operating organization of Miami Valley, Good Samaritan and Middletown Regional hospitals.
According to Michael Stephens, President of Greene Health Partners, and Thomas J. Breitenbach, President and Chief Executive Officer of Premier Health Partners, the Agreement was reached after careful consideration by Boards and management of both organizations.
“The decision to enter into a joint operating agreement with Premier provides Greene Health Partners the ability to fulfill our mission of delivering five-star service and outstanding patient care to all Greene County communities,” Stephens said.
“Our promise to the residents of Greene County is to continue to improve our services to them. The proposed Joint Operating Agreement with Premier Health will Partners allow us to continue to attract top quality physicians and employees and purchase advanced medical technology. Importantly, Premier has committed to contribute $50 million toward the development and construction of new facilities in Greene County which will be owned by Greene Health Partners. Our current hospital, which was built in 1951, increasingly hampers our ability to serve Greene County residents.”
Premier’s CEO Tom Breitenbach added, “We look forward to Greene Health Partners joining Premier. Partnering with this highly regarded organization in Greene County will allow Premier to better serve southwest Ohio and earn the choice of patients, physicians and employees.” Breitenbach cited the “shared mission and commitment to improve the health of their communities” including Premier’s ability to help Greene Health Partners recruit specialists and sub-specialists to Greene County.
Breitenbach also added that the proposed Joint Operating Agreement will allow Greene Health Partners to take advantage of Premier’s significant buying power which helps all Premier partners control healthcare costs.
Stephens noted that the ability to purchase advanced healthcare technology and services at a lower cost will have a positive impact upon patients served by Greene Memorial Hospital and its other facilities and locations including Beavercreek HealthPark, Fairborn, Xenia and Beaver View Health Care Centers, along with Greene Health Partners’ Greene Oaks and Women’s Recovery Center.
Stephens indicated that Greene Health Partners, along with the added resources of Premier Health Partners, will now focus on how the vision of improved healthcare for all of Greene County will become a reality. “We hope to announce more specific plans within the next several weeks. There are many decisions yet to be made. We look forward to listening to Greene County residents as we shape our plans and to sharing our ideas with members of the communities we serve.”