Sale of Community Medical Center complete, launching a new partnership for excellence in Montana health care
Missoula, MT – Community Medical Center today begins a new partnership to advance excellence in Montana health care, following completion of the hospital’s sale to a joint venture between Billings Clinic and RegionalCare Hospital Partners.
The sale, which became official at 12:01 this morning, caps an 18-month process involving Montana’s Attorney General, countless Montanans, and months of interviews, proposals, meetings, site visits and the dedication of Community’s Board of Directors.
In March of 2014, Community Medical Center’s Board made a decision to sell the hospital to Billings Clinic RegionalCare, a joint venture between Billings Clinic (Montana’s largest health care organization) and RegionalCare Hospital Partners, which operates hospitals across the country.
Billings Clinic and RegionalCare created the joint venture in May of 2013 to offer expanded clinical services; access to physician integration, support, and recruitment, clinical protocols and quality improvement systems. Additionally, the joint venture offers operational expertise and access to the capital needed for such growth strategies, including technology and facility expansion and renovation.
Billings Clinic remains an independent, not-for-profit organization. The new relationship with Community Medical Center is the Billings Clinic RegionalCare joint venture’s first project together. There are no plans at this time to change the name of Community Medical Center.
“Billings Clinic has a long-standing commitment of partnering with communities to enhance clinical excellence and collaboration,” said Nicholas Wolter, M.D., CEO of Billings Clinic. “This partnership with Community Medical Center and RegionalCare will mutually benefit patients across Montana through clinical synergies and future opportunities to learn from each other.”
“We look to partner with health care organizations that have similar visions and values to make sure we are the right fit for that hospital and community,” said Marty Rash, Chairman and CEO of RegionalCare. “Working together with Billings Clinic, this is an excellent fit.”
The partnership with Billings Clinic enhances what it can bring to Community with experience with physician leadership and focus on quality and safety.
Montana Attorney General Tim Fox on Monday approved the sale of Community Medical Center after a thoughtful process of due diligence.
Dr. Wolter and Mr. Rash on Friday met with Community Medical Center employees and physicians, and introduced Jeff Egbert as Community’s interim CEO.
Egbert, a native of Havre, Montana, has more than 25 years of experience as a hospital leader, serving in Texas, Oregon, Alaska and Arizona. Most recently, Egbert served as the interim CEO for RegionalCare’s hospital in Wilmington, Ohio.
A national search for a permanent CEO will begin soon.