Orlando Health, Shands HealthCare, and the University of Florida have signed a memorandum of understanding to jointly develop clinical programs and cooperative arrangements, including collective efforts for safety net care for indigent Florida residents. The agreement affects several large providers in central Florida. Orlando Health owns three acute-care hospitals, including the 1,356-bed Orlando Regional Medical Center, while Gainesville-based Shands owns two separate academic medical centers. Shands already has a preexisting faculty-sharing agreement with the University of Florida. The three organizations treat about 2.5 million Floridians a year. According to a news release, the agreement between Orlando Health, Shands and the university will pave the way for future collaboration between the organizations, including development of joint operations for safety net care and a regional comprehensive cardiac-care program. Officials say their goal is to develop a “comprehensive system of care” from primary care to complex treatments such as transplantation, while increasing collaboration on physician training, clinical trials and joint clinical programs in areas such as pediatrics, neuroscience and oncology.
Navigant Consulting, Chicago, has acquired EthosPartners Healthcare Management Group, a Suwanee, Ga.-based healthcare consultant group specializing in physician-hospital alignment, physician practice operations and revenue-cycle management, in a $37 million deal. The transaction included $28 million in cash, $2 million in restricted Navigant stock and $7 million in deferred cash payments, according to a news release. EthosPartners can earn an additional $8 million based on future performance. The deal also calls for eight EthosPartners individuals to join Navigant as managing directors and includes an 85-person revenue-cycle outsourcing business based in Mitchell, S.D. In February, EthosPartners merged with Byrne Healthcare, a Denver-based cardiovascular consultant and developer of health self-assessment tools.