Serendipity helped launch Louisville hospital company
Luck played a part in the formation of Springstone, a new Louisville hospital company, and its landing of a $100 million commitment to develop the business, its chief executive says.
Springstone, which now operates one psychiatric hospital, announced Tuesday that Welsh, Carson, Anderson & Stowe, a leading health-care equity investor, has become its majority owner and pledged the $100 million.
W. Earl Reed III, Springstone’s CEO, said the company got its start when Patrick Hammer, an entrepreneur he knew, sought his consulting help to develop a hospital outside Evansville, Ind.
- CVS Ramps Up Retail Clinics with Provider Affiliations
- 4 Tectonic Shifts Shaking Up Healthcare
- As States Regulate Provider Competition, Common Threads Emerge
- Medical Errors Third Leading Cause of Death, Senators Told
- Contradictory Obamacare Rulings Issued by Appellate Courts
- As HIPAA Breaches Accelerate, Tools Lag
- Study Puts Spotlight on Preventing Fall-Related Injuries
- Roundtable: Life After a Healthcare Organization Acquisition
- Wanted: Nurse PhDs
- Recruiting Retired Clinicians