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Health and Medicine

Exclusive talks end between Akron General and Cleveland Clinic
Akron hospital says it will open up possible acquisition talks to other health systems

Kabir Bhatia
In The Region:
Cleveland Clinic’s plan to buy Akron General Medical Center has hit a roadblock. The two sides had entered into exclusive talks, but today Akron General announced it would consider offers from other health systems. WKSU’s Kabir Bhatia reports.
Exclusive talks end between Akron General and Cleveland Clinic

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In August, non-profit Cleveland Clinic and for-profit Community Health Systems of Tennessee began hashing out a plan to buy non-profit Akron General. But an Akron General spokesman says the two potential parent companies could not agree on a course of action, and so the hospital must pursue other opportunities. J.B. Silvers is a professor of health finance at Case Western Reserve University. He says Akron General could approach any number of health systems in the state – and beyond.

“The only one who really can’t is Summa because they’re in the same town. It’s an anti-trust problem. So you can’t have too much consolidation. And Akron’s already pretty darn consolidated; you basically have two players. The Justice Department would not look with favor on that.”
Silvers sits on the board of Summa. Akron General has turned down other offers in recent years, including a prior one from the Cleveland Clinic.
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