MERGER OF MEDICAL CENTERS EXPECTED TO SAVE UP TO $40 MILLION IN CAPITAL EXPENDITURES
MERGER OF MEDICAL CENTERS EXPECTED TO SAVE UP TO
$40 MILLION IN CAPITAL EXPENDITURES
THE QUAD CITIES, Ill., Jan. 6 -- Up to $40 million in capital expenditures alone is expected to be saved over the next four years as a result of a merger of Franciscan Medical Center and United Medical Center in neighboring Rock Island and Moline, Ill., it was announced this morning.
The consolidation also will produce savings of $3 million in annual operating costs, as the two facilities avoid duplications and divide medical services between campuses in each city. Both hospitals had planned renovations and expansions; those plans are being reorganized to avoid duplicating services.
The collaboration is unusual in that it combines Roman Catholic and Lutheran organizations. The consolidation will create a jointly sponsored Christian health care system that will emphasize a holistic approach to health care and will recognize that the patient is the focus of all health care efforts.
After the consolidation there will be five medical centers serving the Quad Cities area. The new organization, which will be known as the Franciscan United Regional Healthcare System, should complete local, state andONTACT: Connie Riffel of United Medical Center, 309/757-2968/ CO: United Medical Center; Franciscan Medical Center ST: Illinois IN: HEA SU: SM 6934 01/06/92 13:17 EST
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