Concord Township, Ohio-based Lake Health is seeking a strategic partner to promote clinical and technical innovation throughout the health system, the Cleveland Plain Dealer reports.
What you should know:
1. Despite seeking the strategic partner, Chairman Michael Mayher said the health system is in no immediate financial need for a partner.
2. Lake Health has two hospitals, a surgery center and a cancer treatment center.
3. The system has had financial stumbles in the past. For instance, it posted operating losses of $22.8 million in 2016 and $4.8 million in 2017. Financial information from 2018 and 2019 was not made available to the Plain Dealer.
4. Vice president of marketing Dino DiSanto said Lake Health was in a good position to seek a partnership.
5. After an initial discovery process, the health system will decide if market conditions are right to enter into a partnership or continue independently.