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"The fate of that deal rests with state regulators, and if approved, itstands to alter the competitive balance of the Spokane, Wash. health systemsector," states Dave Raiford, HealthLeaders-InterStudy market analyst andauthor of the report. "Look for an expansion of services and a push foraffiliations between health systems and physicians as this deal comes tofruition."
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Providence has dominated the market in Spokane County in terms of patientdischarges, bed capacity and earnings, while Empire has struggled to keeppace. However, Empire's agreement with Community Health Systems to sellDeaconess Medical Center and Valley Hospital and Medical Center could even thescore. Community Health Systems' growth strategy revolves around aggressivephysician recruiting, cost containment and banking on savings from economiesof scale in purchasing, pharmacy management and contract negotiations withpayers.
The acquisition deal calls for Community Health Systems to spend at least$40 million on routine capital expenditures within five years of acquiring thetwo hospitals and $60 million in capital improvements. The company's businessstrategy relies heavily on physician recruiting and developing emergencydepartment capacity and service.
About the Spokane Market Overview
This year's Spokane Market Overview is a new report offered byHealthLeaders-InterStudy. In response to reader requests, and in recognitionof the diverse and changing nature of this metropolitan statistical area'scomponents, the new Spokane Market Overview report presents an in-depthanalysis of the healthcare market in this growing Washington metropolis.
About Market Overviews
Market Overviews provide a detailed analysis of local healthcare markets,allowing healthcare businesses to plan their local strategies. In addition tothe 75 metropolitan statistical areas covered in our individual marketreports, HealthLeaders-InterStudy will be producing the following NEW MarketOverview reports in 2008:
About HealthLeaders-InterStudy
HealthLeaders-InterStudy is the authoritative source for managed caredata, analysis, and news. For more information, please visitwww.HealthLeaders-InterStudy.com .
All company, brand, or product names contained in this document may betrademarks or registered trademarks of their respective holders.Wilmington, Del. Spokane, Wash. Colorado Springs, Colo. Charleston, S.C. Cape Coral/Fort Myers, Fla. Madison, Wis. Columbia, S.C. Portland, Maine Springfield, Mass. Lexington, Ky. Southern New Jersey Baton Rouge, La.
SOURCE HealthLeaders-InterStudy
