Hospital industry's March madness; Six systems across the nation launch massive restructuring strategies.(Catholic Healthcare West)(University of Pennsylvania Health System)(HCA-The Healthcare Co.)(Sisters of Charity of St. Augustine Health System)(Brief Article)

Modern Healthcare, March, 2001 by Bellandi, Deanna

A wave of reorganizations is washing over the hospital industry. Both not-for-profit and for-profit systems are rejiggering operations, streamlining governance, remaking executive ranks or unwinding partnerships. Since last month, at least six systems stretching from coast to coast have an-nounced major reorganization plans. ``It's fairly predictable, because in business when you go through a period of growth and expansion-analogous to the development of these integrated systems-that is ordinarily followed by a period of reorganization and restructuring,'' said Alan Zuckerman, a director at the Philadelphia-based consulting firm Health Strategies & Solutions. ``Digestion is followed by indigestion.'' The systems that belched are: * Money-losing Catholic Healthcare West,...

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