UHS taking sole ownership of George Washington University Hospital

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Common Well being Services and products will suppose complete possession of George Washington College Clinic, the for-profit well being device introduced Saturday.

A Common Well being Services and products subsidiary and George Washington College owned and operated George Washington College Clinic in Washington for almost 25 years. Beneath that association, King of Prussia, Pennsylvania-based Common Well being Services and products held an 80% stake and the college owned the remaining.

“We're assured that via this restructured partnership, we can mutually meet our quality-of-care objectives whilst additionally rising our built-in supply fashion and additional increasing get entry to to care,” Marc Miller, president and CEO of Common Well being Services and products, stated in a information unlock.

George Washington College Clinic employs greater than 800 physicians and a pair of,600 workforce participants, in step with the health facility. Clinic knowledge display the ability introduced in $35.2 million in capital investments in 2019.

The previous partnership helped the health facility succeed in its designation as a Degree I trauma heart and a complete stroke heart, in step with the scoop unlock.

“The revised association no longer simplest resets the decades-long partnership to create a more potent, extra sustainable basis for each organizations to step into the long run, but it surely additionally reignites a shared enthusiasm to extend and strengthen superb handle our sufferers and the voters of our area,” George Washington College President Mark Wrighton stated within the information unlock.

Common Well being Services and products deliberate to put up a certificates of want to whole the deal to the District of Columbia's State Well being Making plans and Building Company on Tuesday.