When Toledo, Ohio-based ProMedica announced plans to acquire HCR ManorCare, industry analysts scoffed, suggesting that the combination didn’t make sense financially or operationally. About a year and a half after the deal’s closing, ProMedica is seeing some positive results, according to Steve Cavanaugh, the system’s chief financial officer. Cavanaugh, who was CEO of HCR before the acquisition, spoke with Modern Healthcare finance reporter Tara Bannow about some of those returns, as well as recent news about dialing back its Medicaid managed-care business in Ohio.
Read the full article: Q&A: ProMedica CFO Touts Positive Results from HCR Acquisition //
Source: https://www.modernhealthcare.com/mergers-acquisitions/qa-promedica-cfo-touts-positive-results-hcr-acquisition