The TN-based not-for-profit health system more than doubled its size this week with the acquisition of four hospitals in Mississippi and Florida.
Curae Health, Inc. CEO and President Steve Clapp spoke with HealthLeaders Media this week about the acquisition of four hospitals, what it will mean for the not-for-profit hospital chain, and the communities that these hospital serve.
Curae executives believe these small community hospitals will benefit from an affiliation with a smaller company that specializes in operating in rural settings.
The following is a lightly edited transcript.
HLM: These acquisitions will more than double the size of Curae. What is prompting this?
Clapp: When we formed Curae Health in 2014, the intent was to help identify and work with small rural hospitals such as this, and that has been the opportunity that was presented to us.
We've looked at nearly 50 hospitals over the past year, which illustrates the challenges and the desire for hospitals to align with larger institutions. With us being a nonprofit, rural-focused-only company, that has created a lot of interest.
HLM: Do these hospitals make money?
Clapp: They are profitable facilities, but it is probably CHS's place to comment on that.
HLM: How do you make this work financially?
John Commins is a content specialist and online news editor for HealthLeaders, a Simplify Compliance brand.