Printer Friendly

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
   a6936 .d...r s   bc-Fight-Night-Palace
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jan 6, 1992
Words:221
Previous Article:J.D. POWER AND ASSOCIATES ANNOUNCES RANKINGS IN BUSINESS SEGMENT FOR COMPUTER END USER STUDY
Next Article:GEORGIA REGIONAL STOCK REPORT FOR MONDAY, JAN. 6
Topics:


Related Articles
KERR-MCGEE '93 CAPITAL BUDGET SET AT $415 MILLION
PORT AUTHORITY PROPOSES 1994 BUDGET
BAXTER'S OPERATIONAL CASH FLOW EXCEEDS $100 MILLION; NET INCOME AND EARNINGS PER SHARE INCREASED 11%
KERR-McGEE SETS '96 CAPITAL BUDGET
Union Pacific Resources Group Inc. Announces Record Capital Budget for 1997
CLTU002 -- Cardinal Health Third Quarter Earnings/.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters