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HealthSpan Partners and Summa Health System close on partnership to improve healthcare quality and access in Northeast Ohio

Today, Summa Health System and HealthSpan Partners, an auxiliary organization of Catholic Health Partners, finalized a partnership transaction making HealthSpan Partners a minority owner of Summa Health System.

This marks the end of a two-year process by Summa Health System’s board to seek a like-minded, not-for-profit partner to strengthen Summa Health System financially and better equip our system to tackle the challenges of healthcare reform.

HealthSpan Partners invested $250 million to become a 30 percent owner of Summa Health System.  Through this partnership, Summa Health System will continue to be locally governed while gaining the strength of a partner with resources across the state to help us realize economies of scale and operational improvements to benefit patient care.

We are thrilled to be working with HealthSpan Partners to improve healthcare quality and access in Northeast Ohio.

Thank you for your support of Summa Health System.

Sincerely,

Tom Strauss
CEO, Summa Health System