Community Health Systems Announces Acquisition of York, Pennsylvania Hospital

FRANKLIN, Tenn.--(BUSINESS WIRE)--

Community Health Systems, Inc. (CYH) announced today that subsidiaries of the Company have acquired substantially all of the assets of Memorial Health Systems in York, Pennsylvania. The system includes 100-bed Memorial Hospital, the Surgical Center of York, and other outpatient and ancillary services. Memorial Hospital becomes the seventeenth Community Health Systems, Inc. affiliated hospital in Pennsylvania. The purchase agreement includes a commitment to construct a replacement hospital within five years of the closing date.

Commenting on today’s announcement, Wayne T. Smith, chairman, president and chief executive officer of Community Health Systems, Inc., said, “The acquisition of Memorial Health Systems extends our strong track record of growth and investment in Pennsylvania. The hospital’s medical staff and employees provide high-quality healthcare services in a competitive environment. We look forward to applying our proven operating strategies, physician recruitment resources, and access to capital to support the care they provide for their patients and to help bring life to a new, modern medical facility that advances clinical quality and the hospital experience.”

Located in the Nashville, Tennessee, suburb of Franklin, Community Health Systems, Inc. is one of the largest publicly-traded hospital companies in the United States and a leading operator of general acute care hospitals in non-urban and mid-size markets throughout the country. Through its subsidiaries, the Company currently owns, leases or operates 135 hospitals in 29 states with an aggregate of approximately 20,000 licensed beds. Its hospitals offer a broad range of inpatient and surgical services, outpatient treatment and skilled nursing care. In addition, through its subsidiary, Quorum Health Resources, LLC, the Company provides management and consulting services to non-affiliated general acute care hospitals located throughout the United States. Shares in Community Health Systems, Inc. are traded on the New York Stock Exchange under the symbol “CYH.”

Forward-Looking Statements

Statements contained in this news release regarding expected operating results, acquisition transactions or divestitures and other events are forward-looking statements that involve risk and uncertainties. Actual future events or results may differ materially from these statements. Readers are referred to the documents filed by Community Health Systems, Inc. with the Securities and Exchange Commission, including the Company’s annual report on Form 10-K, current reports on Form 8-K and quarterly reports on Form 10-Q. These filings identify important risk factors and other uncertainties that could cause actual results to differ from those contained in the forward-looking statements. The Company undertakes no obligation to revise or update any forward-looking statements, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.

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How Hospital Mergers Increase Health Costs, and What to Do About It

The Bulfinch Building of the Massachusetts General Hospital. Image via Wikipedia

Last summer, I penned a blog post entitled “Hospital Monopolies: The Biggest Driver of Health Costs That Nobody Talks About.” It ended up being one of my most widely-read pieces last year. “I agree that changing the way we buy health care is important,” I wrote then. “But there’s an entire other side to that equation that we completely ignore: changing the way we sell health care.”

In November, the Massachusetts Association of Health Plans asked me to speak at their 2011 annual conference, on the topic of hospital consolidation. Given Massachusetts’ central role in the debate over health reform, and the top-notch health policy thinkers in the Boston area, I readily accepted.

In the 31-minute video below, I cover a number of historical topics, including: (1) how hospital mergers spiked in response to pressure from insurers to reduce health spending; (2) how early studies from economists failed to identify how hospital mergers drive up the price of health care; (3) how newer studies suggest that concentrated hospital markets lead to pricing increases of as much as 44 percent; (4) how government-subsidized health programs, such as Medicare, drive the problem of hospital consolidation. If you want to follow along, download the slides before watching the video.

In the second half of the talk, I discuss what can be done about the problem. There are basically two plausible approaches: (1) increase the market power of payors, either using single-payer health care or private insurance monopsonies; or (2) decrease the market power of providers, so that both payors and providers are equally fragmented. To me, option (2) makes much more economic sense, and is also more politically practical than trying to achieve single-payer health care.

However, as I discuss in the talk, the problem is that when the U.S. Department of Justice and the Federal Trade Commission have tried to block anti-competitive hospital mergers in court, judges have sided with the hospitals, against the officials at DOJ/FTC. So judges need to do a better job of understanding the economic evidence that weighs against hospital mergers.

In addition, we need to be mindful of how accountable care organizations, or ACOs, could worsen provider consolidation. We need to modernize the certificate-of-need regulations, and other laws, that stymie the construction of new hospitals that can compete with the well-connected incumbents. And we need to harmonize state medical licensing laws, so that insurers can send their patients to cheaper providers across state and national borders.

I got some excellent questions in the Q&A portion of the talk. Nancy Turnbull of Harvard asked me: in places where the “horses have already left the barn” and the hospitals have already merged, what can we do about it? Lynn Nicholas, CEO of the Massachusetts Hospital Association, asked: aren’t insurer monopolies also a problem? Others pointed out the fact that longer-term trends of decreasing hospital utilization are also driving consolidation, which makes it harder to justify building new hospitals.

Watch the video to see how I responded. The bottom line is not reassuring: it’s that there are no simple solutions to this very serious problem, which is why need to pay far more attention to it than we do.

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Community Health Systems Announces Acquisition of Blue Island, Illinois Hospital

FRANKLIN, Tenn.--(BUSINESS WIRE)--

Community Health Systems, Inc. (NYSE: CYH - News) announced today that a subsidiary has acquired substantially all of the assets of MetroSouth Medical Center in Blue Island, Illinois. Located approximately 20 miles south of Chicago, the 330-bed hospital offers a full spectrum of healthcare services. MetroSouth Medical Center becomes the ninth Community Health Systems, Inc. affiliated hospital in Illinois and the third one serving communities around the greater Chicago region.

Commenting on today's announcement, Wayne T. Smith, chairman, president and chief executive officer of Community Health Systems, Inc., said, “We are pleased to expand our operations into another Illinois community and look forward to applying our operational strategies and clinical initiatives to advance the quality care provided by MetroSouth Medical Center’s dedicated medical staff and employees.”

Located in the Nashville, Tennessee, suburb of Franklin, Community Health Systems, Inc. is one of the largest publicly-traded hospital companies in the United States and a leading operator of general acute care hospitals in non-urban and mid-size markets throughout the country. Through its subsidiaries, the Company currently owns, leases or operates 134 hospitals in 29 states with an aggregate of approximately 20,000 licensed beds. Its hospitals offer a broad range of inpatient and surgical services, outpatient treatment and skilled nursing care. In addition, through its subsidiary, Quorum Health Resources, LLC, the Company provides management and consulting services to non-affiliated general acute care hospitals located throughout the United States. Shares in Community Health Systems, Inc. are traded on the New York Stock Exchange under the symbol “CYH.”

Forward-Looking Statements

Statements contained in this news release regarding expected operating results, acquisition transactions or divestitures and other events are forward-looking statements that involve risk and uncertainties. Actual future events or results may differ materially from these statements. Readers are referred to the documents filed by Community Health Systems, Inc. with the Securities and Exchange Commission, including the Company’s annual report on Form 10-K, current reports on Form 8-K and quarterly reports on Form 10-Q. These filings identify important risk factors and other uncertainties that could cause actual results to differ from those contained in the forward-looking statements. The Company undertakes no obligation to revise or update any forward-looking statements, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.

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Community Health Systems Announces Acquisition of Blue Island, Illinois Hospital

FRANKLIN, Tenn.--(BUSINESS WIRE)--

Community Health Systems, Inc. (NYSE: CYH - News) announced today that a subsidiary has acquired substantially all of the assets of MetroSouth Medical Center in Blue Island, Illinois. Located approximately 20 miles south of Chicago, the 330-bed hospital offers a full spectrum of healthcare services. MetroSouth Medical Center becomes the ninth Community Health Systems, Inc. affiliated hospital in Illinois and the third one serving communities around the greater Chicago region.

Commenting on today's announcement, Wayne T. Smith, chairman, president and chief executive officer of Community Health Systems, Inc., said, “We are pleased to expand our operations into another Illinois community and look forward to applying our operational strategies and clinical initiatives to advance the quality care provided by MetroSouth Medical Center’s dedicated medical staff and employees.”

Located in the Nashville, Tennessee, suburb of Franklin, Community Health Systems, Inc. is one of the largest publicly-traded hospital companies in the United States and a leading operator of general acute care hospitals in non-urban and mid-size markets throughout the country. Through its subsidiaries, the Company currently owns, leases or operates 134 hospitals in 29 states with an aggregate of approximately 20,000 licensed beds. Its hospitals offer a broad range of inpatient and surgical services, outpatient treatment and skilled nursing care. In addition, through its subsidiary, Quorum Health Resources, LLC, the Company provides management and consulting services to non-affiliated general acute care hospitals located throughout the United States. Shares in Community Health Systems, Inc. are traded on the New York Stock Exchange under the symbol “CYH.”

Forward-Looking Statements

Statements contained in this news release regarding expected operating results, acquisition transactions or divestitures and other events are forward-looking statements that involve risk and uncertainties. Actual future events or results may differ materially from these statements. Readers are referred to the documents filed by Community Health Systems, Inc. with the Securities and Exchange Commission, including the Company’s annual report on Form 10-K, current reports on Form 8-K and quarterly reports on Form 10-Q. These filings identify important risk factors and other uncertainties that could cause actual results to differ from those contained in the forward-looking statements. The Company undertakes no obligation to revise or update any forward-looking statements, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.

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ICSA Labs Certifies First Hospital Under Its Electronic Health Record Testing Program

LAS VEGAS, Feb. 21, 2012 /PRNewswire/ -- At the HIMSS Conference on Tuesday (Feb. 21), ICSA Labs announced its first certification of an IT system that is currently deployed by a hospital.  The hospital, Via Christi Health, earned the certification under ICSA Labs' electronic health record program.  Previous certifications had been limited to commercial off-the-shelf and open-source solutions.  

Via Christi Health, which provides a network of health care services via hospitals, doctors, specialty clinics and senior centers in Wichita and south central Kansas, demonstrated that its custom software is compliant with standards set forth by the U.S. Department of Health and Human Services' Office of the National Coordinator for Health Information Technology for electronic health records.  This certification from ICSA Labs demonstrates that Via Christi Health's software follows patient-care best practices and enables the secure exchange of patient records.

Via Christi Health uses its internally developed health IT software to help manage patient records throughout its facilities. In preparing to earn its ONC certification, Via Christi Health had to decide whether to invest in new software that was already certified or to certify and use the custom software the hospital system already had in place.

"Certifying our own software not only proved more cost effective for Via Christi Health, it was significantly less disruptive for our doctors and caregivers," said Dave Gestenslager, application architecture manager, Via Christi Health. "Instead of asking our doctors to switch to a new solution, our physicians were able to continue to use software with which they were already familiar. This enabled them to focus on delivering excellent patient care, instead of learning new technology."

Amit Trivedi, health care program manager, ICSA Labs, said: "By certifying its own software versus transitioning to new software, Via Christi Health is a great example of how certification for electronic health records promotes technology use in a meaningful way to allow for better economics and improved access to patient information.  The testing of custom EHR solutions for eligible providers and hospitals like Via Christi Health enables physicians and staff to effectively use certified health technology."

ICSA Labs is designated as an Authorized Testing and Certification Body by the Office of the National Coordinator for Health Information Technology, and is authorized to test complete EHR solutions as well as modular ones that address a specific IT function.  To learn more or enter a product into the testing process, visit ICSA Labs' Electronic Health Record Testing and Certification page.

NOTE: During HIMSS, follow us on Twitter @icsalabs and @verizonbusiness, hashtag #VZHIMSS. Visit us on Facebook for all the latest show activity.  

About ICSA Labs
ICSA Labs, an independent division of Verizon, offers third-party testing and certification of security and health IT products, as well as network-connected devices, to measure product compliance, reliability and performance for many of the world's top security vendors.  ICSA Labs is an ISO/IEC 17025:2005 accredited and 9001:2008 registered organization. Visit http://www.icsalabs.com and http://www.icsalabs.com/blogs for more information.

About Via Christi Health
Via Christi Health, a Catholic-sponsored ministry affiliated with Marian Health System and Ascension Health, is the largest provider of health care services in Kansas. Via Christi employs more than 10,000 in its hospitals, senior villages, physician offices and health services. In fiscal year 2011, it provided more than $82 million in community benefit to those it serves, including the poor. Visit viachristi.org.

About Verizon
Verizon Communications Inc. (NYSE, Nasdaq: VZ), headquartered in New York, is a global leader in delivering broadband and other wireless and wireline communications services to consumer, business, government and wholesale customers.  Verizon Wireless operates America's most reliable wireless network, with nearly 109 million total connections nationwide.  Verizon also provides converged communications, information and entertainment services over America's most advanced fiber-optic network, and delivers integrated business solutions to customers in more than 150 countries, including all of the Fortune 500.  A Dow 30 company with $111 billion in 2011 revenues, Verizon employs a diverse workforce of nearly 194,000.  For more information, visit www.verizon.com.  

VERIZON'S ONLINE NEWS CENTER: Verizon news releases, executive speeches and biographies, media contacts, high-quality video and images, and other information are available at Verizon's News Center on the World Wide Web at www.verizon.com/news.  To receive news releases by email, visit the News Center and register for customized automatic delivery of Verizon news releases.

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Community Health Systems Announces Definitive Agreement to Acquire York, Pennsylvania Hospital

FRANKLIN, Tenn.--(BUSINESS WIRE)-- Community Health Systems, Inc. (NYSE: CYH - News) announced today that subsidiaries of the Company have executed a definitive agreement to acquire substantially all of the assets of Memorial Health Systems in York, Pennsylvania. Located in one of the fastest growing counties in Pennsylvania, the health system includes 100-bed Memorial Hospital, the Surgical Center of York, and other outpatient and ancillary services. The agreement includes a commitment to construct a replacement hospital within five years of the closing date. The transaction is subject to customary federal and state regulatory approvals, including review and approval by the Attorney General of the Commonwealth of Pennsylvania.

Commenting on today’s announcement, Wayne T. Smith, chairman, president and chief executive officer of Community Health Systems, Inc., said, “As we continue to expand our operations across Pennsylvania, we are excited about the prospect of applying our capital and management resources to help serve this growing community. The dedicated medical staff and employees at Memorial Hospital are successfully providing patients with high-quality healthcare services in a competitive environment. We look forward to partnering with them to fulfill their vision for a new and modern hospital facility that will advance clinical quality and the patient experience.”

When the transaction is complete, Memorial Hospital will become the seventeenth Community Health Systems, Inc. affiliated hospital in Pennsylvania.

Located in the Nashville, Tennessee, suburb of Franklin, Community Health Systems, Inc. is one of the largest publicly-traded hospital companies in the United States and a leading operator of general acute care hospitals in non-urban and mid-size markets throughout the country. Through its subsidiaries, the Company currently owns, leases or operates 133 hospitals in 29 states with an aggregate of approximately 20,000 licensed beds. Its hospitals offer a broad range of inpatient and surgical services, outpatient treatment and skilled nursing care. In addition, through its subsidiary, Quorum Health Resources, LLC, the Company provides management and consulting services to non-affiliated general acute care hospitals located throughout the United States. Shares in Community Health Systems, Inc. are traded on the New York Stock Exchange under the symbol “CYH.”

Forward-Looking Statements

Statements contained in this news release regarding expected operating results, acquisition transactions or divestitures and other events are forward-looking statements that involve risk and uncertainties. Actual future events or results may differ materially from these statements. Readers are referred to the documents filed by Community Health Systems, Inc. with the Securities and Exchange Commission, including the Company’s annual report on Form 10-K, current reports on Form 8-K and quarterly reports on Form 10-Q. These filings identify important risk factors and other uncertainties that could cause actual results to differ from those contained in the forward-looking statements. The Company undertakes no obligation to revise or update any forward-looking statements, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.

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Nationwide Children's Hospital Extends Licensing Agreement With Streamline Health

CINCINNATI, Jan. 18, 2012 /PRNewswire/ -- Streamline Health Solutions, Inc. (NasdaqCM: STRM - News), a leading provider of enterprise document management and revenue cycle solutions for healthcare organizations, today announced that Nationwide Children's Hospital has extended its licensing agreement for five years and adds additional document management and workflow solutions to its existing Streamline Health solutions.

A national leader in pediatric care, Nationwide Children's Hospital ranks in all ten specialties in U.S. News & World Report's 2011-2012 edition of "America's Best Children's Hospitals." As part of the agreement the hospital will:

Extend its existing license an additional five years for Streamline Health's Software as a Service (SaaS) model, which provides systems management, continual monitoring, and full security for Streamline Health document management and workflow solutions; License Streamline Health's Integration Suite for Epic EMR to provide instant access to scanned clinical and financial records from within the Epic electronic medical record system with the goal of improving patient care and saving physician and staff time; License Streamline Health's FolderAnyWare, a flexible document management system that provides secure, searchable storage of almost any file type or record with the goal of improving operating efficiencies within its Patient Financial Services department, and; License Streamline Health's CharityWare workflow to speed the processing of charitable applications, with the goal of increasing productivity and enabling faster application submission for quicker reimbursement.

"We are pleased that Nationwide Children's Hospital will be expanding its use of our solutions," said Robert E. Watson, president and chief executive officer of Streamline Health. "By adding our non-patient centric document management system and patient financial services workflow solution we believe the hospital will take a step closer to reducing its dependence on paper. Also, by integrating our solutions with the electronic medical record system we believe the hospital will move closer to its goal of providing staff with a way to easily and quickly access the complete patient record."

About Streamline Health

Streamline Health provides leading-edge technology solutions that help healthcare provider organizations improve the quality of patient care, reduce operating expense, and optimize revenue. Our Software as a Service solutions simplify and facilitate improved patient access, transition paper-based content to electronic records, and provide increased transparency to key financial metrics. For more information please visit our website at www.streamlinehealth.net.

About Nationwide Children's Hospital

Ranked in U.S. News & World Report's 2011-12 "America's Best Children's Hospitals," Nationwide Children's Hospital is one of the nation's largest not-for-profit freestanding pediatric healthcare networks providing wellness, preventive, diagnostic, treatment and rehabilitative care for infants, children, and adolescents as well as adult patients with congenital disease. A medical staff of 1,000 and a hospital staff of 7,600 provide state-of-the-art pediatric care for more than 949,000 patient visits annually. As home to the Department of Pediatrics of The Ohio State University College of Medicine, Nationwide Children's Hospital physicians train the next generation of pediatricians and pediatric specialists. The Research Institute at Nationwide Children's Hospital is one of the top 10 National Institutes of Health-funded freestanding pediatric research facilities. Nationwide Children's remains true to the original mission since its founding in 1892 of providing care regardless of a family's ability to pay. More information is available at NationwideChildrens.org.

Epic is a registered trademark of Epic Systems Corporation.

Safe Harbor statement under the Private Securities Litigation Reform Act of 1995

Statements made by Streamline Health Solutions, Inc. that are not historical facts are forward-looking statements that are subject to risks and uncertainties and are no guarantee of future performance. The forward looking statements contained herein are subject to certain risks, uncertainties and important factors that could cause actual results to differ materially from those reflected in the forward-looking statements, included herein. These risks and uncertainties include, but are not limited to, the timing of contract negotiations and execution of contracts and the related timing of the revenue recognition related thereto, the potential cancellation of existing contracts or clients not completing projects included in the backlog, the impact of competitive products and pricing, product demand and market acceptance, new product development, key strategic alliances with vendors that resell the Company's products, the ability of the Company to control costs, availability of products obtained from third party vendors, the healthcare regulatory environment, potential changes in legislation, regulation and government funding affecting the healthcare industry, healthcare information systems budgets, availability of healthcare information systems trained personnel for implementation of new systems, as well as maintenance of legacy systems, fluctuations in operating results, effects of critical accounting policies and judgments, changes in accounting policies or procedures as may be required by the Financial Accountings Standards Board or other similar entities, changes in economic, business and market conditions impacting the healthcare industry, the markets in which the Company operates and nationally, and the Company's ability to maintain compliance with the terms of its credit facilities, and other risks detailed from time to time in the Streamline Health Solutions, Inc. filings with the U. S. Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward looking statements, which reflect management's analysis only as of the date hereof. The Company undertakes no obligation to publicly release the results of any revision to these forward-looking statements, which may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

Director of Marketing Communications

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Strategic Behavioral Health, LLC Acquires Montevista Hospital and Red Rock Behavioral Health in Las Vegas

MEMPHIS, Tenn.--(BUSINESS WIRE)-- Strategic Behavioral Health, LLC (SBH), a national provider of inpatient and outpatient services, announced that effective January 1, 2012, it has acquired the assets of Montevista Hospital (Montevista) and Red Rock Behavioral Health Hospital (Red Rock) located in Las Vegas, Nevada from Universal Health Services, Inc. (UHS). The acquisition is being made pursuant to the divestiture requirements agreed upon by the Federal Trade Commission, the Nevada Attorney General, and UHS following UHS’s acquisition of Psychiatric Solutions. SBH is a portfolio company of Dobbs Management Service, LLC (DMS) which represents the John Hull Dobbs family of Memphis.

The Montevista and Red Rock facilities are licensed acute psychiatric hospitals with 101 total beds providing services on two campuses in Las Vegas. Montevista has served Las Vegas for over 25 years as a provider of acute behavioral healthcare services including geriatric, adult, chemical dependency, and child and adolescent areas. Montevista’s sister facility, Red Rock, was established in 2005 to expand inpatient acute behavioral services to the geriatric population. The facilities bring the total existing or planned beds for Strategic Behavioral Health, LLC to over 350 beds in North Carolina, Colorado, and Nevada across five facilities.

Ben Winbery, Chief Executive Officer of both the Montevista and Red Rock facilities commented, “I am very pleased to be joining such a solid company with a true commitment to quality clinical care and a long-term view of the operations.”

Jim Shaheen, Founder and Chief Executive Officer of SBH, stated in a press release, “We are excited to be entering the Las Vegas market through the acquisition of Montevista and Red Rock. We are impressed with its management and staff and their attention to patient-centered care. We believe we have an opportunity to significantly grow both facilities.”

Shaheen added, “While SBH has historically focused on organic growth through the opening of new facilities, this acquisition was too attractive to pass up given the expansion opportunities it presents. Because of the high quality care being provided by the facilities, both are operating at or near capacity. As a result, we will be adding 60-80 additional beds at the Montevista site. We anticipate that construction will begin in 2012.”

Edward Dobbs, President of DMS, commented, “This Las Vegas acquisition is highly complementary to SBH’s existing assets and provides a great base for further growth. We look forward to additional opportunities to invest in SBH’s growth through greenfield facilities and highly selective strategic acquisitions. Our long-term goal is to make SBH a leading private provider of behavioral healthcare services in the nation.”

SBH worked with Fifth Third Bancorp, First Tennessee Bank, and Pinnacle Financial to finance the Montevista and Red Rock acquisitions. When coupled with the financing for the expansion of North Carolina and Colorado operations, the financing provides $40 million in funding with the ability to expand for future projects.

About Strategic Behavioral Health, LLC

Strategic Behavioral Health was founded to design, build, and operate state-of-the art behavioral health facilities throughout the United States. Based in Memphis, SBH currently operates facilities in Colorado and North Carolina. It is constructing new and expanded facilities in both Colorado and North Carolina. Strategic Behavioral Health is dedicated to providing the highest quality behavioral health services. Please visit the Strategic Behavioral Health website.

About Dobbs Management Service, LLC

Through DMS, the John Hull Dobbs family invests with a long-term perspective. The Dobbs family has a nearly 100 year history of successful long-term investing in businesses with good market positions, growth opportunities and exceptional management teams. DMS’s investment strategy is flexible but generally focuses on business-to-business services companies as well as healthcare services and distribution.

The family currently owns several companies in addition to SBH, including Premier Distributing, a beverage distribution company; DYK Automotive, LLC, a national automotive aftermarket oil, chemicals and parts distributor; Frenkel & Company, LLC, an international commercial insurance and healthcare benefits broker based in New York, NY; JHD Dental, LLC, a children’s dental clinic operator; and, Potter Electric Signal, LLC, a market leading fire and security controls manufacturer.

Historically, the Dobbs family has owned Dobbs Automotive, a national automobile dealership group; Unison Health Plans, a private multi-state Medicare and Medicaid HMO; and Dobbs International, an airline catering and restaurant company. For additional information about DMS and the portfolio companies of the John Hull Dobbs family, please refer to the Dobbs Management website.

About Fifth Third Bancorp

Fifth Third Bank arranged and led a Bank syndicate to provide financing for the acquisition. Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio with over $115 billion in assets. Headquartered in Nashville, Fifth Third’s Healthcare maintains over $7.0 billion in commitments to various healthcare companies including acute care, psychiatric hospitals, outpatient services, long term care, medical devices, managed care, information technology, and other related healthcare services. Fifth Third Bank focuses on financing solutions for acquisitions, growth, recapitalizations, refinancing and working capital facilities, and bridge loans to capital markets transactions.

First Tennessee National Bank and Pinnacle National Bank also participated in the Fifth Third led Credit Facility.

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