Hometown Headlines continues to check on the rumored sale of the two HCA-owned hospitals in our area, Redmond Regional Medical Center (possibly to Advent Health) and Cartersville Medical Center (perhaps to Piedmont Healthcare).
Here’s the latest comment from Cartersville Medical Center’s Chris Mosley, CEO:
“We have an over 35-year history of serving Cartersville/Bartow County and surrounding communities, so it’s not uncommon for us to be involved in discussions about healthcare in this area. However, it is important to remember that conversations happen all the time in healthcare. Sometimes they lead to something, and many times they do not. Therefore, we typically don’t talk about discussions unless or until we have something to announce.”
We’re awaiting a response from Piedmont as well. In the meantime, Georgia Health News — while doing a separate interview — asked about the CMC/Piedmont rumors.
“Piedmont soon could be making more news. Speculation among industry officials has linked the Atlanta-based system to possible purchases of some HCA Healthcare hospitals in Georgia. Officials with Piedmont declined to comment Thursday on the potential for acquisitions.”
In recent weeks, the rumors have crossed the many circles of Northwest Georgia’s medical community. From doctors to staffers to vendors and rivals, the exchanges all centered on a possible sale of Redmond Regional Medical Center, the adjoining surgical center and perhaps Cartersville Medical Center as well.
The potential buyers have been both from inside and outside the state. The latest money is on the Advent Health system, parent of AdventHealth Gordon (formerly Gordon Hospital). A late player in the mix was said to be Piedmont in Atlanta but perhaps for other HCA properties in Georgia (Redmond and Cartersville are part of HCA).
The speculation has intensified as North Carolina-based Atrium Health continues steps to eventually merge the Floyd Healthcare System — Rome, Cedartown and Centre hospitals in addition to medical offices — into one entity. The deal should close this summer pending final review of the Attorney General’s office. Click background. As part of that deal, Atrium has pledged more than $650 million to be invested in Northwest Georgia over the next 11 years. That’s in addition to $80 million for Floyd Healthcare Foundation to address health disparities, indigent care, health needs and social determinants in the region.
As of Wednesday, Redmond’s John Quinlivan, president and CEO, has no comment on any potential moves by HCA of Nashville, parent company of both the Rome and Cartersville hospitals. But that hasn’t stopped continuing reports from Rome, Rockmart and Cartersville about a pendnig deal. One belief is the answers will come Friday.
There is another camp, in Rome, downplaying the rumors, questioning the source behind them. Also odd: The lack of media buzz in the two towns where HCA and Advent are based at this point.
Why it matters: HCA data for 2019 reports that Redmond Regional had more than $83 million in salary and benefits paid with $4.3 million in taxes and capital improvements of $14.6 million. Background. Additional details below. Plus: Redmond is a huge contributor to community events, from February’s heart month celebrate, the Heart of the Community awards, sponsorships, ambulance service to Floyd, Polk and Chattooga counties and, more recently, in COVID care and safety protocol.
What they’re saying: Wednesday afternoon, the Rome News-Tribune posted a story about the potential Redmond/Advent deal. In it, Executive Editor John Bailey quotes Dave Smith, a consultant with Kearny Street Management, who says the COVID-19 pandemic may have forced “some repositioning of hospitals.’’ Another factor, Smith says, could be the Floyd/Atrium deal. “AdventHealth is huge, and is pretty well run,’’ he tells the RNT. Please click here for the full story.
About Redmond Regional:
- Opened in 1972 at Redmond Park Hospital.
- Nationally recognized as a top cardiac care center.
- Includes 230 beds, 230 affiliated physicians and 1,300-plus employees.
- More than 11,500 patient admissions
- More than 42,000 annual ER visits
- Given an A in the latest Leapfrog patient safety analysis.
About Advent Health
- From the website: “Our Christian mission, shared vision, common values and focus on whole-person health is our commitment to making communities healthier …”
- Size: Nearly 50 hospitals in nine states, including AdventHealth Gordon (formerly Gordon Hospital).
- Employment: More than 80,000.
- Based in Altamonte Springs, outside Orlando.
- Founded in 1973.