Business

Hospital company forms

NEWS IN BRIEF — Posted Nov. 21, 2005

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A longtime hospital industry veteran has launched a new company dedicated solely to partnering with physicians to acquire and operate full-service acute care hospitals.

Joshua Nemzoff's StoneBridge Healthcare LLC is dedicated to pursuing these types of "whole hospital" joint ventures with physicians.

Although such business arrangements have been used in health care for many years, anecdotally they appear to be much less common among acute care hospitals than other health care entities such as ambulatory surgery centers or specialty hospitals.

Nemzoff said StoneBridge's joint ventures will give physicians control of the clinical side of acute care hospitals while leaving the business management side to experienced hospital executives.

The company, based in New Hope, Pa., was pursuing hospitals with about 200 beds or more. At press time, it had not acquired any facilities. Physicians would control 20% to 49% of the equity stake in the facilities.

Note: This item originally appeared at http://www.ama-assn.org/amednews/2005/11/21/bibf1121.htm.

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