Lake Health, a Mentor, Ohio-based health system with 600 physicians, is exploring whether a strategic partnership would best prepare it for healthcare's shift to consumerism and new technologies, according to Crain's Cleveland Business.
Lake Health's board of trustees made the announcement March 5, emphasizing the decision comes from a position of financial strength and there is no financial need to find a partner. Rather, trustees feel a partner could help the hospital best prepare for the long term.
Hospital leadership is working with consulting firm Kaufman Hall to evaluate its options, whether that be a partnership or a decision to remain independent, according to Crain's Cleveland Business.