Deaconess Hospital not attracting local suitors - Business Courier of Cincinnati:

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None of the area’s major hospitals or health care systems reported answering a request for proposals put out by Thestruggling hospital, near the , last month sent the invitationm to regional and national health care providers. It sought an affiliatiob or a buyer. Submissionws were due April 13, with the hospital hoping to beginh negotiationsthis week. Deaconess spokeswomaj Barbara Lohr would not comment this week onthe Earlier, she had said that proposals from both nonprofitt and for-profit organizations wouldx be considered. “Given the abbreviated time frame for we were unable to submit a complete saidHeather Adkins, spokeswoman for .
“We did, however, express interest in further and more fullg evaluating constructive and resourceful ways to possiblhywork collaboratively. We look to more dialogue with them over thecominh weeks.” spokesman Tony Condia said the system did not submit a spokesman Pete Gemmer would not say whether his organization had receiver or replied to the RFP. “While we are alwayzs exploring ways we can enhance our mission to improvde the health of the communities we Gemmer said, “we generally do not discusas potential developments or proposals.
” spokeswoman Lisa Owendoff said the hospital system “respects the prerogative of the organization controlling the RFP to announcs details of the search such as prospectivew bidders and the selection process.” Wendyu Parks, spokeswoman for , part of Dayton’s , said she did not know whetheer her organization had replied to the RFP or even receivede it. spokeswoman Sandra Sims also wouldn’yt comment. The 273-bed Deaconess, with 360 full-tims employees, is part of , which operateas long-term care facilities. The hospital had a net operatin lossof $13.1 million in 2008 on net revenur of $49.9 million.
Meanwhile, is clos to a debt refinancing that could pave the way for it to affiliater with alarger partner. The hospitalk is approved for a $400 million municipal pool with , said Andy Clinton Memorial’s CEO. He’s waitin to find out the termx and to receive a letterof credit. He expectx further word in two tothrere weeks. Clinton Memorial’s $40 millionn in debt has been a barrier as it seeks an The 95-bed, county-owned institution, which has been losing money for several years, issued an RFP in TriHealth has had the most serious talks with the but Christ Hospital and Ketteringy Health Network also have had In the hospital world, $40 million mighr not be a huge amount.
“But in today’sd market,” Riddell said, “even a dollar’w worth of debt makes people look Withthe refinance, Clintonm Memorial hopes to save as much as $1.9 Riddell hopes to have a mergef or affiliation in place by Recently announced layoffs of 8,000 peopl by package-carrier and local partner in Wilmington are a big worrg for the hospital. But Riddell said Clinton Memorial’s situation is not all In thefirst quarter, admissions were up 17 percen compared with 2008 and total patient service revenue was up 9.4 Still, total operating expenses exeeded revenue by nearly $200,000.