Medical company interested in buying local hospitals
WARREN, Ohio (WKBN) – There's now another medical company interested in buying a part of what Steward Health planned on closing in Trumbull County.
Insight Health System is a physician-led organization that started in Flint, Michigan, in 2008 and has since grown to six hospitals, six surgery centers — and 28 clinics. Most recently it bought Chicago's Mercy Hospital.
What Insight is looking to buy locally is primarily Trumbull Regional Medical Center. Corporate Chief Medical Officer Rany Aburashed said that is the focus of what Insight wants to do.
Insight is also looking at Hillside Rehabilitation Hospital — but Aburashed says that purchase is more complicated. Insight, however, is not currently looking to buy any of Steward's satellite operations in Austintown or Bazetta township.
Insight has carved out a niche in the healthcare industry. It's known for assuming ownership of distressed hospitals and turning them around.
"Our goals for Trumbull are to set this institution up for success for generations to come as an acute healthcare facility of the highest nature. We have a pathway towards ownership at Trumbull and we also recognize the importance of Hillside as well — although the legal pathways are a bit more winding with that," Aburashed said.
In a statement this afternoon, Western Reserve Health Education and Warren City Hospital expressed optimism about Insight's plans. Both organizations agree having Insight take over increases the likelihood that the hospitals stay open and survive.
