This week the Adams County Regional Medical Center (ACRMC) announced that it has finalized the sale of its Home Care Operations to Mr. Ed Bunn, owner of Adams County Homecare, LLC and Southern Hills Therapy, LLC.
Bunn is a long-time resident of the area, having operated Southern Hills Therapy Services for over 25 years. The choice to sell the service to a local owner ensures that Adams County residents will continue to have access to the services home care nursing, therapy, social and aid services.
The hospital’s Chief Executive Officer, Roland Gee stated, “Transacting with a longstanding provider of quality health-care services ensures the continuation of compassionate care to the loyal home care patients and families of ACRMC. We wish our dedicated colleagues continued success with their careers in Ed’s organization, which, importantly, is locally owned and operated.”
Additionally, the purchase of the program to a local home health-care provider ensures that area jobs will not be lost.
“We welcome the home care staff into our organization and look forward to the exciting future ahead providing top quality home care to residents and neighbors in this region that I call home,” Bunn said.
SOLIC Capital Advisors served as exclusive financial adviser and Bricker and Eckler served as legal counsel to the board of trustees at ACRMC during the transaction.
“We sold at a fair market value,” Gee told the Defender. “We will be re-focusing our efforts on our core patient-care programs.”
According to the hospital’s website, “Our 230 employees and over 80 physicians and medical specialists are committed to providing the very best in medical care for the communities in Adams County and the surrounding region. Adams County Regional Medical Center has provided safe quality health care for more than 50 years.”
The medical center operates as a 25-bed critical access hospital that includes an emergency department with fourteen private rooms, two operating suites, an endoscopy suite, a large same-day surgery suite, a five-room inpatient hospice suite, a sleep studies center, an outpatient IV therapy suite and outpatient observation.
The center also provides specialty clinics including: cardiology, dermatology, gastroenterology, general surgery, nephrology, neuro-oncology, ophthalmology, orthopedic, podiatry, pulmonary, urology, vascular, and wound care. Services provided by specialty physicians in our Out Patient Department continue to grow, as we identify the need for services in our community. ACRMC is affiliated with Mercy Health and is certified as an American Heart Association Training Center. ACRMC has maintained accreditation by The Joint Commission since 1986.”
The medical center has received state and national recognition for the quality of its patient care, including the Gold Designation in the 2014 Hospital Champions Program and the 2013 Home Care Elite Award as a top 25 percent home health-care provider in the country.
While many of Ohio’s rural hospitals are struggling to remain open, Adams County’s medical center seems to be on track to beat the odds. The hospital’s financial stability has improved measurably. “Even though the hospital remains in arrears, it’s in much better shape than it has been in the last two years,” CEO Gee told the Defender, “In 2014 the medical center operated at a $443,000 loss, but in 2015 it experienced an $893,000 gain, and last July we were able to begin making the bond interest payments.”
That is a considerable improvement in light of a dire 2014 report from the Ohio state auditor’s office that stated the hospital “has suffered recurring losses from operations and has a net position deficiency, which raises substantial doubt about its ability to continue as a going concern.”
The fly in the ointment for many small, rural hospitals is threefold: the high cost of health care, decreased federal reimbursements, and competition from other medical centers.
Brock Slabach, senior vice president of the National Rural Health Association, said, “The challenges at rural hospitals are in some ways unique because they have trouble recruiting health care professionals while serving a population that’s often older, sicker and poorer.”
ACRMC partners with other health-care institutions to supplement it’s medical staff. While the hospital does not directly employ in-house physicians, it partners with other health-care institutions to supplement it’s medical staff. The facility’s major affiliate, Mercy Hospital in Cincinnati, provides a staff of highly qualified doctors who provide superior quality health-care to the residents of Adams County. Specialized physicians from Christ Hospital and the University of Cincinnati Medical Center are also a part of the center’s staff.
From Jan. 1 through Oct. 31 2015 the medical center saw 12,365 patients in its emergency department, logged in 39,876 patients for out-patient care, had 3,597 in-patient days of care, and served 7,654 in out-patient special clinics. Additionally, doctors performed 632 outpatient surgeries and 42 in-patient surgeries.
The sell of the facility’s home health-care service not only brings financial relief to the hospital, but also optimizes the focus on the core inpatient, outpatient, and ancillary acute care programs. CEO Gee stated, “We at ACRMC remain deeply committed to improving the health of the communities we continue to serve, and this transaction further strengthens our ability to fulfill our mission. We are excited about the future of health-care for this region.”
For more information about Adams County Regional Medical Center, visit www.acrmc.com.