Ochsner to Purchase NorthShore Regional Medical Ctr
Expand Care for Growing Population and Become Regional Draw for Medical

SLIDELL, LA - The private, not-for-profit Ochsner Health System today
announced the signing of a definitive agreement to purchase NorthShore
Regional Medical Center (NSRMC), the ambulatory surgery center and
several pieces of property on which the facility is located in Slidell,
Louisiana.  The projected closing date is April 1, 2010: this purchase
will expand Ochsner Health System to eight hospitals in Southeast
Louisiana. The medical staff will remain “open,” which is consistent
with how the facility operates today.

In 2009, Tenet Healthcare Corporation announced their intention to
discontinue operating NSRMC. Ochsner will purchase the hospital and
Tenet-owned assets on the campus. “By preserving the future of
NorthShore Regional Medical Center, Ochsner has the opportunity to
strengthen its long-term medical commitment in the North Shore, expand
medical services and technology, and position the facility as an asset
to more Louisiana and Mississippi patients,” says Dr. Patrick Quinlan,
CEO of Ochsner Health System.

Ochsner’s large clinical presence on the North Shore and its strong
patient support of over 250,000 annual visits provides a strong base for
expansion of medical services at NorthShore Regional Medical Center.
“Ochsner North Shore has 110 physicians that provide care to
approximately 81,000 North Shore residents. On the North Shore, we
delivered over 400 babies and provide over 11,000 surgeries and
procedures annually,” says Warner Thomas, President and Chief
Operating Officer of Ochsner Health System. Ochsner has 10 North
Shore-based health centers in Slidell, Covington, Abita Springs,
Hammond, and Mandeville.

Thomas adds, “This expansion will allow us to grow our primary and
specialty care services, with particular focus on cardiac, cancer, and
women’s services, and we’re also interested in expanding the
pediatric services that NorthShore Regional has grown over the past
several years.”

“Additional patient benefits will include convenience, coordination,
and continuity of care,” explains Scott Boudreaux, CEO of the Ochsner
North Shore region. “We’ll reduce the need for North Shore patients
to cross Lake Pontchartrain for Ochsner hospital services and offer our
growing population of patients from nearby communities in Mississippi a
closer hospital option.” About 15 percent of Ochsner North Shore
patients are Mississippi residents. Boudreaux says patients will also
have access to expanded medical care through telemedicine technology and
Ochsner’s electronic medical record.

“Ochsner will continue to operate NorthShore Regional as an open
medical staff and looks forward to working with local, independent
physicians,” notes E. Edward Martin, M.D., Medical Director of the
Ochsner North Shore Region. Ochsner has a proven track record of
acquiring hospitals, working with the existing medical staff, and
expanding patient care. Ochsner’s most recent hospital acquisitions in
the New Orleans region have shown marked improvement in quality measures
such as Inpatient Risk Adjusted Mortality and Complication Indexes,
based on Thomson Reuters Risk Adjustment Methodology. They have also
benefited from improved patient satisfaction, employee engagement, and
financial results.

NorthShore Regional Medical Center is a 165-bed acute care,
full-service hospital with a 24-hour emergency room and the only PICU on
the North Shore. “Ochsner is excited about the opportunity to serve
more people in the Slidell area, expand services at NorthShore Regional,
and improve access to medical care in the community,” says Boudreaux.


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