Kaufman Hall Advises Columbus Regional Health on Piedmont Healthcare Partnership

SKOKIE, Ill. – June 22, 2017 –Columbus Regional Health (CRH) has announced its intention to partner with Piedmont Healthcare (Piedmont).

Included in the partnership would be CRH’s two hospitals, Midtown Medical Center and Northside Medical Center, as well as John B. Amos Cancer Center and multiple urgent care centers, free-standing imaging centers, pharmacies and a continuing care retirement center in Columbus, Georgia.

Piedmont Healthcare is an Atlanta-based, not-for-profit healthcare system with seven hospitals.

Kaufman Hall has served as exclusive financial advisor to CRH.

CRH has recently undergone a number of strategic cost improvement initiatives that have led to enhanced operating performance. However, its leadership team and board of directors determined that the organization could best achieve its mission, vision, and strategic plan by affiliating with an organization that offers resources and capabilities that could help CRH accelerate the transformation required to succeed in the new healthcare environment.

As a result, CRH began a process to review its strategic options to help ensure the System remains an essential community provider and that it continues to meet and exceed the health care needs of Muscogee county and the surrounding communities.

“Since last year when we made our initial announcement regarding a potential partnership or affiliation, we have maintained our position of strength financially and we continue to realize improvement across many areas of our health system. We believe that now is the time to combine our strengths through a strategic partnership. This will allow us to serve our patients and the community to the highest degree possible,” said Scott Hill, CRH President and CEO. 

CRH’s strategic affiliation with Piedmont is expected to provide increased access to capital and resources, leading to potential improvements in quality of care, patient access, and the optimization of heath care value by better organizing how care is delivered.

“This decision was made after a comprehensive, year-long process to evaluate the benefits for our patients, for our employees, our medical staff and most importantly, for our community. Based on the core goals and objectives we laid out before we began our process, we are confident Piedmont is the right fit for us” added Warren Steele, Chairman of the Board of Directors of Columbus Regional Health.

To learn more about how Kaufman Hall is assisting healthcare organizations with mergers and other strategic partnerships, contact Anu Singh or Kristofer Blohm at 847.441.8780.

About Kaufman Hall

Kaufman Hall provides management consulting and software to help organizations realize sustained success amid changing market conditions. Since 1985, Kaufman Hall has been a trusted advisor to boards and executive management teams, helping them incorporate proven methods into their strategic planning and financial management processes, and quantify the financial impact of their plans and strategic decisions to consistently achieve their goals.

Kaufman Hall services use a rigorous, disciplined, and structured approach that is based on the principles of corporate finance. The breadth and integration of Kaufman Hall advisory services are unparalleled, encompassing strategy; financial and capital planning; cost transformation; treasury and capital markets management; and mergers, acquisitions, partnerships, and joint ventures.

Kaufman Hall software includes the Axiom Healthcare Suite, providing sophisticated, flexible performance management solutions that empower finance professionals to analyze results, model the future, and optimize organizational decision making. Solutions for long-range planning, budgeting and forecasting, performance reporting, capital planning, and cost accounting deliver decision support, reporting, and analytics within an integrated software platform. Kaufman Hall’s Peak Software empowers healthcare organizations with clinical benchmarks, data, and analytics to provide a higher quality of care for optimized performance and improved patient outcomes.