All Children's Hospital to Integrate with Johns Hopkins Medicine - 07/20/2010
All Children's Hospital to Integrate with Johns Hopkins Medicine
Johns Hopkins Medicine (JHM) and All Children’s Hospital & Health System (ACH) of St. Petersburg, Fla., have signed a letter of intent to integrate. After appropriate due diligence is completed sometime later this year, ACH will join the Johns Hopkins Health System (JHHS) as a fully integrated member of JHM.
JHHS and its affiliates, including The Johns Hopkins Hospital, Johns Hopkins Bayview Medical Center Inc., Suburban Hospital and Howard County General Hospital Inc., along with the Johns Hopkins University School of Medicine, make up Johns Hopkins Medicine.
Under terms of the integration, ACH will retain its name and its longstanding commitment to the children of Florida and its community. Donations made to the hospital’s foundation will remain for the benefit of ACH, and leadership and day-to-day operation of the 259-bed freestanding pediatric hospital and outreach facilities in eight west Florida counties are not expected to change as a result of the integration. Board governance structure guarantees that local community leaders will continue to provide guidance and oversight of ACH as majority members of the hospital’s board of trustees. This is a non-cash transaction — no purchase or sale — but rather an opportunity for All Children’s to join a system with a 120-year history of educating physicians and pioneering breakthroughs to benefit future generations globally.
As nonprofit institutions with long histories of patient care, teaching and research benefiting their communities and beyond, ACH and JHM share similar missions.
“The integration of All Children’s into Johns Hopkins Medicine creates a synergy that allows both partners to continue our mission-centric work in children’s health care,” says Gary Carnes, president and CEO of All Children’s Health System. “We believe it increases All Children’s value as a key community asset, extending benefits near and beyond to the families of children in need of topnotch clinical care by adding the benefits that the world-class teaching and research opportunities of Johns Hopkins Medicine will bring.”
“Families of the children we serve need to know that All Children’s will continue delivering the expert and tender loving care that this region has come to count on,” says Claudia Sokolowski, All Children’s Health System board chair. “Through my decades of involvement on All Children’s boards, I’ve served with many fellow business people, conscientiously weighing the value of new initiatives. The guiding principle has always been, is it in the best interest of the children? That’s what led us to grow in clinical expertise, to expand our reach throughout the region, and to build a new, more efficient facility to carry our mission well into the future. Integration with Johns Hopkins will position us to jointly shape the future of children’s health care in partnership with an unparalleled leader in medical research and teaching. The potential economic impact for St. Petersburg, the Tampa Bay area and the state of Florida is significant and lasting. But the positive impact for children and their families will extend well beyond our geographic reach for generations to come.”
While details of the proposed transaction are yet to be finalized, the basic outline of the plan calls for ACH to retain its voluntary medical staff and physician organizations, including those University of South Florida physicians practicing at ACH. Additionally, the plan calls for ACH to operate under the direction of the JHHS governance structure in the same manner as The Johns Hopkins Hospital and other hospital members of JHHS.
“All Children’s is a very appealing organization because of its robust, high-quality clinical programs, its strong regional presence and very high-quality leadership team,” says Edward D. Miller, M.D., dean and CEO of Johns Hopkins Medicine. “The full integration of All Children’s into Johns Hopkins Medicine offers a unique opportunity to both institutions. With this integration – and as part of its historic mission – Johns Hopkins Medicine can leverage the intellectual and human capital within its pediatrics programs to expand the reach and impact of its current clinical, teaching and research programs.”
Ronald R. Peterson, president of The Johns Hopkins Hospital and Health System and executive vice president of JHM, notes that Johns Hopkins is the birthplace of modern pediatrics and embraces this chance to grow. “Integrating with such an outstanding pediatrics medical center as All Children’s Hospital, which is also such a strong community and regional asset, is very attractive. Johns Hopkins’ commitment to its own community has never wavered in more than a century, and we know that All Children’s shares a similar commitment to its own community. This is the shared commitment and vision we will build upon with this new integration.”
About Johns Hopkins Medicine
Headquartered in Baltimore, Md., Johns Hopkins Medicine is a $5 billion integrated global health enterprise and one of the leading academic medical centers in the United States. A nonprofit, Johns Hopkins Medicine combines its 120-year commitment to community care with groundbreaking research, teaching and medical services to patients worldwide.
Johns Hopkins is the birthplace of modern pediatrics. Its Children’s Center has more than 30 pediatric subspecialties, including allergy, cardiology, cystic fibrosis, gastroenterology, nephrology, neurology, neurosurgery, oncology, pulmonary and transplant. Hopkins Children’s subspecialties are staffed by more than 250 faculty members who not only care for patients, but train tomorrow’s pediatricians and conduct groundbreaking research.
The Johns Hopkins Hospital has been ranked number one in the nation for 20 consecutive years by U.S. News & World Report. The Johns Hopkins University School of Medicine receives more federal research support annually ($435 million in 2009) than any other U.S. medical school. With more than 30,000 employees, Johns Hopkins Medicine is among Maryland’s largest private employers and the largest in Baltimore City. Johns Hopkins Medicine’s annual economic impact on Maryland totals $6.4 billion. Johns Hopkins International brings world-class health care to more than 25 strategic projects in Europe, Asia, the Middle East and Latin America. Johns Hopkins Medicine operates four academic and community hospitals and four suburban health care and surgery centers, employs more than 2,800 physicians and has more than 1.9 million outpatient visits annually.
About All Children’s Hospital
Children are the sole focus of All Children’s Hospital and its new, 1 million-square-foot St. Petersburg, Fla., campus devoted to pediatric specialty care. The 10-story All Children’s Hospital and its adjacent Outpatient Care Center (dedicated in January 2010) replace an existing 42-year-old facility just two blocks away.
All Children's Hospital is the only hospital on Florida’s West Coast totally devoted to children’s care — a leader in pediatric treatment, education, research and advocacy. As a regional referral center for children with some of the most challenging medical problems, All Children’s draws patients from throughout Florida, all 50 states and 36 foreign countries. Even the most fragile patients benefit from All Children’s highly specialized staff, facilities and services, including heart transplantation, blood & marrow transplantation, pediatric trauma services and one of the largest neonatal intensive care programs in the southeastern United States. The hospital is part of the billion-dollar All Children’s Health System, with more than 2,800 employees on its main campus and 10 outreach centers located throughout west central Florida. Its commitment to serve all children is reflected in a patient mix that is 70 percent Medicaid, as well as the provision of $30.9 million in unfunded community benefit, the majority of which is charity and unreimbursed indigent care.
The mission of this private, not-for-profit hospital is rooted in its beginnings in 1926 as Florida’s first Crippled Children’s Hospital for polio victims. All Children’s understands that it’s not enough to treat disease, that true progress comes from teaching and research to cure disease.