Sale Transaction   |  

True North Advises Van Wert Health in Transaction with OhioHealth

Van Wert Health became affiliated with OhioHealth

VAN WERT, OHIO: OhioHealth and Van Wert Health have entered into a membership agreement that makes Van Wert Health a full member of the OhioHealth system. The hospital will continue under the new name OhioHealth Van Wert Hospital.

Van Wert Health has been caring for patients and serving the community for over a century. The membership agreement brings the 34-bed hospital, its physicians, associates and four outpatient centers and physician practices under the OhioHealth umbrella becoming its 14th full-member hospital.

“OhioHealth is the best partner to deepen our commitment to patient safety, quality, and patient experience. We approached our discussions with them very purposefully, and we ultimately selected OhioHealth because they provide the greatest long-term financial stability along with their unwavering commitment to delivering healthcare locally,” said Tom Turnwald, chairman of the Van Wert Health Board of Trustees.

“At our core, we are here to care for the people in our communities,” said Jon Bagley, interim president and CEO, Van Wert Health. “Healthcare is broader than just what happens within the walls of a single facility. This affiliation provides the organizational scale and leadership talent needed to deliver exceptional patient care and to strengthen local access to services."

“OhioHealth and Van Wert Health share a vision to keep high quality, affordable and accessible healthcare in Van Wert County,” said John McWhorter, senior vice president and chief operating officer, OhioHealth. “Being part of the OhioHealth family ensures that Van Wert Health will continue to thrive thanks to the resources, scale and benefits inherent in a large, quality-driven health system like OhioHealth.”

OhioHealth is a nationally recognized, not-for-profit, charitable, healthcare outreach of the United Methodist Church. They are a family of 35,000 associates, physicians and volunteers, and a network of 14 hospitals, 200+ ambulatory sites, hospice, home health, medical equipment and other health services spanning 47 Ohio counties.

True North Strategic Advisors provided advisory services to Van Wert Health in this transaction.

Sale Transaction
Van Wert Health became affiliated with OhioHealth
Deal date
February 27, 2023
Transaction type
Sale Transaction
Category
Services
Industry
Healthcare