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Saline Memorial Hospital Ends Partnership Talks with Capella

1 min read

Saline Memorial Hospital’s board of directors voted Wednesday to end it its partnership talks with Capella Healthcare of Franklin, Tennessee.

Since May, the 117-bed hospital and Capella had been exploring the possibility of a partnership.

“In view of our improving financial performance, it was felt that continuing to remain independent at this time was a good option for our hospital,” Saline Memorial CEO Bob Trautman said in a news release. “This was a very difficult decision and is in no way a reflection on Capella.”

He said the hospital would remain open for “any potential future discussions about partnerships.”

Saline reported net patient revenue of $86.4 million and a net income of $4.1 million for its fiscal year that ended June 30. It had net patient revenue of $72.5 million and a net income of $3.3 million for the fiscal year that ended June 30, 2014.

“While we were disappointed to learn of the board’s decision, we are pleased that they remain open to potential future discussions,” Andy Slusser, EVP, chief development officer for Capella, said in the news release.

Capella operates National Park Medical Center in Hot Springs and St. Mary’s Regional Medical Center in Russellville.

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