This week it was introduced that Twin Lakes Regional Medical Middle and Owensboro Well being finalized a purchase order settlement formally including the Leitchfield hospital to the Owensboro Well being system, efficient instantly.
Twin Lakes, a 75-bed hospital, has grow to be the third hospital within the Owensboro Well being System, becoming a member of Owensboro Regional Well being Hospital and Owensboro Well being Muhlenberg Neighborhood Hospital.
In consequence, the hospital can be renamed Owensboro Well being Twin Lakes Medical Middle.
The settlement between Owensboro Well being and Twin Lakes complies with a letter of intent signed by each events on April 13, 2020 and completes a nine-month due diligence course of.
“With its lengthy historical past of serving Grayson County and the encompassing space, Twin Lakes aligns with our values and is an ideal match with Owensboro Well being,” mentioned Greg Strahan, president and CEO of Owensboro Well being. “Collectively as a vibrant healthcare system, we are able to develop healthcare providers within the Twin Lakes area and enhance entry to high-quality care.”
The addition of Twin Lakes provides practically 500 new staff to the Owensboro Well being workforce, which now totals practically four,800 group members. The settlement additionally provides greater than 20 Twin Lakes specialists to Owensboro Well being Medical Group.
“Becoming a member of a robust accomplice like Owensboro Well being is an funding in our hospital and the communities we serve,” mentioned Wayne Meriwether, Govt Director of Twin Lakes Regional Medical Middle. “We approached this search from a place of power and we had been searching for a well being system that understood rural well being. Owensboro Well being has proven a honest dedication to our hospital, our staff and the Grayson County space. “
Final summer time, Meriwether introduced that she could be retiring after the Owensboro Well being buy is finalized. Ashley Herrington, former Twin Lakes CFO, has been named to exchange Meriwether as Twin Lakes Chief Govt Officer.
Twin Lakes introduced plans to seek for a possible affiliate accomplice in August 2019 and carried out interviews with a number of well being methods earlier than in search of an settlement with Owensboro Well being.
“Greater than some other potential accomplice we met with, Owensboro Well being introduced one of the best roadmap for preserving our community-based tradition of care, constructing monetary power and increasing medical providers,” mentioned the Chairman of the Board of Administrators of Twin Lakes, Trevor Ray, PharmD. “They introduced a complete plan that met all of the goals we had recognized.”
In accordance with Owensboro Board of Well being President Jeff Carpenter, Twin Lakes has a protracted and distinguished historical past of serving Grayson County and the encompassing counties: Breckinridge, Ohio, Butler, Edmonson, Hart and Hardin.
Including Twin Lakes offers Owensboro Well being the chance to additional lengthen its presence in western Kentucky whereas strengthening TLRMC’s skill to ship high quality healthcare within the Grayson County space, Carpenter mentioned.
“With our progress at Owensboro Well being Muhlenberg Neighborhood Hospital, the expansion of our three Healthplexes, and the addition of Twin Lakes, Owensboro Well being is having fun with super momentum and is nicely positioned as a regional chief in healthcare,” mentioned Carpenter. “It’s an thrilling time to be part of Owensboro Well being, and we welcome Twin Lakes with enthusiasm and enthusiasm.”