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Cleveland Clinic adds Florida health system to its ranks

October 2, 2018

Cleveland Clinic adds Florida health system to its ranks

CLEVELAND, Ohio – Florida-based Martin Health System will join the Cleveland Clinic as a full member, according to a news release.

Per the agreement, which is dependent on federal and state regulatory approval, the Clinic will contribute $500 million over five years into Martin Health for strategic and capital needs, programs and services. 

“We are pleased to welcome Martin Health to join Cleveland Clinic,” Dr. Tom Mihaljevic, CEO and president of the Clinic, said in a prepared statement. “By working closely with Martin Health, we will enhance access to the highest quality care, improve outcomes and increase efficiencies to advance healthcare together in the Treasure Coast.”

The agreement comes six months after the two systems announced they were exploring a deal. In January, the Clinic established a cardiovascular affiliation with Martin Health, its first such affiliation in Florida. 

Terms of the agreement: 

Martin Health associates’ employment and benefits will be maintained for at least one year from the finalization of the agreement.The Clinic will support Martin Health’s retirees.The Clinic will keep the open medical staff model of Martin Health and work collaboratively with independent physicians.The Clinic will continue to support the non-profit organizations Martin Health has worked with in the past on wellness initiatives, health education and community programs.The Clinic will continue providing charity care to the community in which Martin Health operates. 

“As part of Cleveland Clinic, we look forward to enhancing our services now and in the future,” Robert L. Lord Jr., Martin Health President and CEO, said in a prepared statement. “I believe joining Cleveland Clinic will be extremely beneficial for Martin Health and Treasure Coast residents. Our organizations share similar cultures and a mission to provide exceptional care to the communities we serve.”

Until the agreement is finalized, Martin Health will continue its current operations, services and programs; patients will see the same providers; and procedures and appointments will be maintained. Philanthropic gifts also will continue to directly benefit Martin Health. 

“Martin Health and Cleveland Clinic have a shared mission, vision and culture focused on providing exceptional care for patients,” Dr. Wael Barsoum, CEO and president of Cleveland Clinic Florida, said in a prepared statement. “Our goal is to combine the clinical expertise and resources of both organizations to strengthen and improve access to high-quality, affordable health care services and make this the best place to work and provide care.”

The Clinic has been growing its presence in Florida and operates 10 locations in in the state. In 2016, the system had a $1.2 billion economic impact in Florida. 

Today, Martin Health System signed a definitive agreement to become a full member of the @ClevelandClinic health system. Read our news release: https://t.co/JpKU5pe0B1@WPTV @TCPalm @WPBF25News @CBS12 @wqcsnews @FLHospitalAssn @palmbeachpost pic.twitter.com/DxpqltScBQ— Martin Health System (@Martin_Health) October 2, 2018

Stuart, Florida-based Martin Health is a regional non-profit health care system with three acute-care hospitals and a network of outpatient services. It has 4,500 associates, 500 affiliated physicians and more than 850 volunteers serving patients at 13 different locations.

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