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Sibley Memorial Hospital Joins Johns Hopkins Medicine - 11/03/2010
Sibley Memorial Hospital Joins Johns Hopkins Medicine
Release Date: November 3, 2010
In a move to address a growing need for integrated regional health care services for patients, officials of Sibley Memorial Hospital and The Johns Hopkins Health System Corporation have completed and signed documents on November 1, 2010, officially integrating the Washington, D.C.,-based Sibley Hospital into the Johns Hopkins Health System (JHHS).
Under terms of this transaction, which does not involve any financial exchange, Sibley has become a wholly owned subsidiary corporation of JHHS and a member of Johns Hopkins Medicine (JHM). Sibley will retain its commitment to the local community and members of the existing medical staff, along with its name, current leadership and board of trustees. The hospital will now have access to the significant research and clinical programs at Johns Hopkins.
The formal signing followed what officials at both institutions agreed was an unusually efficient and smooth due diligence process, which will likely speed development of integrated regional health care services for patients.
JHHS and its affiliates, including The Johns Hopkins Hospital, Johns Hopkins Bayview Medical Center Inc., Howard County General Hospital Inc., and Suburban Hospital, along with the Johns Hopkins University School of Medicine, make up Johns Hopkins Medicine.
“The alliance between Sibley Memorial Hospital and Johns Hopkins Medicine is an important step in advancing health care delivery and quality in the local community and the greater Washington, D.C., region,” says Robert L. Sloan, Sibley’s president and CEO.
Under terms of the integration, Sibley will retain its voluntary medical staff and physician organization. In addition, Sibley will operate under the JHHS governance structure, in the same manner as The Johns Hopkins Hospital, Johns Hopkins Bayview Medical Center, Howard County General Hospital and Suburban Hospital.
“As a member of Johns Hopkins Medicine, Sibley will be a key force in the development of an integrated system of care for the national capital region, focused on improving health by providing access to state-of-the-art clinical medicine that’s supported by a strong base of research and medical education,” says Edward D. Miller, M.D., dean and CEO of Johns Hopkins Medicine. “Our goal is to unite two mission-minded organizations that share a vision of providing both the highest-quality care and the greatest access for our patients. This alliance strengthens each institution’s ability to serve patients along the full continuum of care, creating new opportunities to provide the right care, at the right time and at the right place. We are committed to preserving the best of this outstanding community and regional hospital, all the while helping Johns Hopkins expand its mission.”
According to Johns Hopkins Hospital and Health System President Ronald R. Peterson, partnering with Sibley is a strategic, as well as a philosophical, decision. “Sibley is strong financially, very highly regarded in its community and located in the nation’s capital,” he says. “Having it as part of the Hopkins family provides us the critical mass to better position ourselves to provide an integrated, regional approach to care, which we anticipate the future will demand.” Peterson is also executive vice president of Johns Hopkins Medicine.
“We face a new era that will bring major reforms and demands for more coordinated and efficient ways of delivering care,” says Steven J. Thompson, senior vice president of Johns Hopkins Medicine. “Increasingly, our decisions on how best to accommodate these changes must be based on sound and practical strategies. What we must never lose sight of during these turbulent times is that every decision we make has to be in the best interest of our patients and the communities we serve.”
About Johns Hopkins Medicine
Headquartered in Baltimore, Md., Johns Hopkins Medicine is a nearly $6 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.
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 five academic and community hospitals and five suburban health care and surgery centers, employs more than 2,800 physicians and has more than 1.9 million outpatient visits annually.
About Sibley Memorial Hospital
Serving Washington, D.C. since 1890, Sibley Memorial Hospital is a 328-bed acute care nonprofit hospital. Sibley is accredited by the Joint Commission and is licensed by the District of Columbia Department of Health and Human Services.