LCMC Health has acquired three HCA Healthcare-owned hospitals in southeastern Louisiana for $150 million, following approval by state regulators, the nonprofit system announced Tuesday. Three.
Tulane Medical Center, Tulane Lakeside Hospital, and Lakeview Regional Medical Center are part of the New Orleans-based LCMC and have transitioned to nonprofit ownership through this agreement. According to a press release, about 1,900 employees at the facilities will continue to have jobs, in addition to “new and expanded opportunities for growth and advancement”. LCMC has agreed to invest $220 million over five years in three facilities.
HCA acquired Tulane Medical Center in 1995 and merged Lakeside Hospital a decade later, forming the Tulane Health System. Lakeview Regional joined the system in 2017.
A larger partnership announced in October between LCMC and Tulane University will focus on intensive care, academic medicine, innovation and training in southeastern Louisiana. Tulane will integrate its facilities with LCMC within the next two years. During that time, Tulane Medical Center will shift most of its services to East Jefferson General Hospital and the University of New Orleans Medical Center.
Tulane has invested in its research foundation and doubled its external funding for medical school over the past few years. With this partnership, it plans to continue developing clinical trials and translational research in cardiovascular, oncology and infectious diseases, said Tulane President Michael Fitts.
“It really all comes together at an important time for both of us, and it will be transformative for the city of New Orleans and the state of Louisiana,” said LCMC Health CEO Greg Feirn. South Gulf”. “We are expanding an already existing partnership, thus creating more consistency and efficiency in our healthcare system.”
The existing Tulane Medical building will house a new nursing program, clinical research and educational space. Tulane University has agreed to invest approximately $600 million in downtown New Orleans, a project that also includes the restoration of the Charity Hospital building. Tulane plans to move into that building about 400,000 square feet starting in 2025. The space will eventually house 600 or more researchers, Fitts said.
The partnership has received some feedback from nurses, including members of National Nurses United, who have questioned how it will affect patient care and costs. health care in the area. The agreement leaves only two health care providers in the area—LCMC and Ochsner Health.
