Skip to main content

Analysis

Cleveland Clinic Florida Renames Newly Acquired Indian River Medical Center, Martin Health

By John Commins  
   January 09, 2019

Patients will continue to see their same physicians and providers at their current locations and all operations and appointments for outpatient services will proceed as scheduled.

Cleveland Clinic on Wednesday completed its acquisition of two South Florida health systems.

The two health systems are now Cleveland Clinic Indian River Hospital, located in Vero Beach, and Cleveland Clinic Martin Health.

The three hospitals in Martin Health are now Cleveland Clinic Martin North Hospital, in Stuart; Cleveland Clinic Martin South, also in Stuart; and Cleveland Clinic Tradition Hospital, in Tradition.

Cleveland Clinic Indian River Hospital and Cleveland Clinic Martin Health join as the first regional hospitals in the Cleveland Clinic Florida region. Patients will continue to see their same physicians and providers at their current locations and all operations and appointments for outpatient services will proceed as scheduled. All insurance plans accepted at the hospitals will continue to be accepted.

"These are well-respected hospitals that have a long history of taking great care of their communities. We are very proud they are now part of Cleveland Clinic's health system," Cleveland Clinic CEO Tom Mihaljevic, MD, said in a media release.

"As healthcare continues to evolve, this integration will strengthen our ability to deliver on our mission and provide the best care to our patients together," he said.

Under the deal reached last fall with Martin Health, Cleveland Clinic agreed to invest $500 million in the health system, and to maintain its charity care services.

The deal to secure Indian River Medical Center was finalized last fall, and it comes with a $250 million investment commitment on the part of Cleveland Clinic. In addition, Cleveland Clinic agreed to maintain maternity care, in-patient well baby care/pediatrics and gynecology services, behavioral health/mental health services, inpatient and outpatient cardiovascular services, inpatient and outpatient cancer care services and gastroenterology services at IRMC for at least 10 years.

Also as part of the agreements, the Indian River Hospital District's support for indigent care at IRMC will phase out over three years, while Cleveland Clinic's charity care policy will go into effect on the first day. After the three years, Cleveland Clinic/ IRMC will assume responsibility for indigent care in general at the hospital.

Cleveland Clinic said its integration of both health systems will focus initially on learning more about each hospital, the needs of patients, caregivers and the communities. Integration teams will focus on understanding the needs and establishing priorities. These teams will also share best practices, learn from one another and help to guide the integration together.

“As healthcare continues to evolve, this integration will strengthen our ability to deliver on our mission and provide the best care to our patients together.”

John Commins is a senior editor at HealthLeaders.


KEY TAKEAWAYS

Cleveland Clinic Indian River Hospital and Cleveland Clinic Martin Health are the first regional hospitals in Cleveland Clinic Florida.

Cleveland Clinic will invest a total of $750 million in both health systems.

Integration teams at the newly acquired hospitals are establishing priorities for the transition.


Get the latest on healthcare leadership in your inbox.