Summa Health System

Hospitals

Ohio, Minnesota hospitals join accountable care organization move

University Hospitals and Summa Health System in Ohio, and Fairview Health Services in Minnesota are among 19 members of an accountable care organization collaborative launched today by healthcare alliance Premier Inc. The “implementation” collaborative to which these hospitals belong is one of two being started by Premier, a hospital-owned company in Charlotte, North Carolina, that […]

Hospitals

Four Northeast Ohio institutions get $2.7M grant for heart study

Four Northeast Ohio institutions have received a four-year, $2.7  million federal grant to study cognitive impairment in heart failure patients. The study’s goal is to understand why heart failure patients often have trouble managing their complex medical regimen, according to a statement from Kent State University. The other collaborating institutions on the project are the […]

Hospitals

Fitch lowers debt rating on Summa, citing debt, operations

Fitch Ratings has lowered its long-term view on the debt of Summa Health System because of its “increasing debt burden coupled with a slower-than-anticipated improvement in operating performance and liquidity position.” Fitch assigned its BBB+ rating to $175 million of fixed-rate hospital facilities revenue bonds to be issued on behalf of the Akron, Ohio-based system […]

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Hospitals

BioEnterprise formalizes partnership to attract bio companies

BioEnterprise Inc., the bioscience venture developer in Northeast Ohio, has formalized a partnership with Team NEO to woo new medical imaging, neurostimulation, cardiovascular device and orthopedic companies to the region. Both nonprofits work in Northeast Ohio and sometimes they bump against each other or duplicate efforts, said Annette Ballou, director of strategic marketing and communications for BioEnterprise. So the two organizations developed a […]