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Health & Hospitals

Feb 6 - Memorial Health’s new ‘Caring Star’ logo and website released in first week after sale to HCA

Category: Health & Hospitals

By Lou Phelps, Savannah Business Journal

February 6, 2018 - Memorial Health leadership, the Memorial Health Board of Directors and the Chatham County Hospital Authority (CCHA) are celebrating the successful integration of Memorial Health into HCA Healthcare’s South Atlantic Division, according to HCA.

Last year, the hospital’s leadership, Board of Directors, and the CCHA conducted an extensive search for a partner to ensure continued delivery of care for Chatham County and the surrounding region. “HCA Healthcare is that partner we were seeking - a healthcare leader that understands and is committed to high-quality, community-based hospitals,” said Frank Rossiter Jr., M.D., chairman of the CCHA, in a statement as the deal closed on Feb. 1.

Already, there’s a new logo, and revisions to the hospital's website as well, at www.memorialhealth.com.  

A commitment to sustainment of key services was a critical priority for the CCHA and hospital board.  “Across the country, HCA empowers local caregivers and gives back to the communities they operate in,” said J. Curtis Lewis, III, chairman of the Memorial Health Board. “That is our commitment to our neighbors across Georgia and we are excited to have found a partner with the same core values.”

The South Atlantic Division of HCA Healthcare is based in Charleston, SC, and operates 13 hospitals in South Carolina, Georgia and Jacksonville, Florida. “For more than 60 years, this Savannah team has been delivering high quality care and extraordinary service to this community,” said South Atlantic Division President Hugh Tappan. “We are delighted to welcome them into the HCA family and are committed to ensuring that they have the tools, resources and collaboration needed to ensure that care continues for the next 60 years and beyond.”

Going forward, the health system will continue to operate under the name Memorial Health, the hospital as Memorial Health University Medical Center and its employed physicians as Memorial Health University Physicians.  But, all will take on a new icon – the ‘Caring Star’ – which represents the critical link between Team Members, physicians, patients and community, explained HCA.

“Honoring the history, traditions and extraordinary compassion seemed the most fitting tribute to the legacy of caring that this team has represented for the past 62 years,” said Memorial Health CEO Shayne George. “We are deeply grateful to our 4,700 Memorial Health Team Members, the Board and the CCHA, for their perseverance and commitment to the health of this community.”

HCA Reports Fourth Quarter 2017 Results

The company that purchased the hospital system is HCA Healthcare, Inc. (NYSE: HCA), which announced financial and operating results for the fourth quarter ended Dec. 31, 2017 on Jan. 30.

Key notes includes:

- Revenues totaled $11.562 billion, an increase of 8.6 percent

- Net income attributable to HCA Healthcare, Inc. totaled $474 million, or $1.30 per diluted share

- Adjusted EBITDA totaled $2.362 billion, an increase of 7.1 percent

- Cash flows from operating activities totaled $1.734 billion, compared to $1.699 billion in the prior year’s fourth quarter

- Same facility equivalent admissions increased 2.3 percent, while same facility admissions increased 1.4 percent

- Same facility revenue per equivalent admission increased 3.5 percent

Revenues in the fourth quarter totaled $11.562 billion, compared to $10.641 billion in the fourth quarter of 2016. Net income attributable to HCA Healthcare, Inc. totaled $474 million, or $1.30 per diluted share, compared to $920 million, or $2.39 per diluted share, in the fourth quarter of 2016. Results for the fourth quarter of 2017 include a non-cash increase in the Company’s provision for income taxes of $301 million, or $0.83 per diluted share, related to the estimated impact of the Tax Cuts and Jobs Act on our deferred tax assets and liabilities.

Adjusted EBITDA for the fourth quarter of 2017 increased 7.1 percent to $2.362 billion from $2.206 billion in the prior year period. 

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