CHS on pace to make $500M capital investment in Indiana hospital network

Franklin, Tenn.-based Community Health Systems committed in May 2017 to make a $500 million capital investment in Fort Wayne, Ind.-based Lutheran Health Network, and CHS is on pace to meet that goal, according to The Journal Gazette.

CHS said it would make the investment over a period of five to six years, and as of Dec. 31, 2017, the company had spent $100 million on projects at Lutheran Health Network. The $100 million investment funded hundreds of projects, including the addition of a second hybrid cath lab at Lutheran Hospital in Fort Wayne and a new orthopedics and sports medicine complex at Kosciusko Community Hospital in Warsaw, Ind.

Lutheran Health Network Regional President and CEO Mike Poore is overseeing the many construction projects and equipment upgrades across the hospital system. He is also helping CHS roll out a variety of strategic plans focused on increasing patients' access to care, reducing readmissions, recruiting primary care physicians and safely transferring patients in emergency situations, according to the report.

More articles on healthcare finance:

Texas hospital considers bankruptcy as debt mounts
Wisconsin hospital's Medicare contract in jeopardy after third CMS survey reveals deficiencies
Geisinger's operating income jumps 38% in first 9 months of fiscal year

Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

 

Featured Whitepapers

Featured Webinars