Martin Health System becomes full member of Cleveland Clinic

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On Oct. 2, 2018, Martin Health System and Cleveland Clinic signed a definitive agreement resulting in Martin Health becoming a full member of the Cleveland Clinic health system, pending federal and state regulatory reviews. The agreement comes six months after the two organizations executed a Letter of Intent to explore opportunities for Martin Health to become part of Cleveland Clinic. During that time, both organizations conducted rigorous due diligence and negotiations.

Upon the closing of this transaction, Martin Health joins a health system that is consistently ranked among the nation’s best. Cleveland Clinic has pioneered many medical breakthroughs and has been sought out by patients from every state in the U.S. and 185 countries.

Martin Health features three hospitals with 521 beds, a 150-member employed physician group, and a full range of outpatient services located in one of the fastest-growing areas of southeast Florida.

The next step in finalizing this agreement will be state and federal regulatory reviews. Pending these regulatory reviews, the two health systems will begin a thoughtful integration process.

In January, Martin Health and Cleveland Clinic entered into a heart and vascular affiliation, during which both organizations recognized synergies and a similar mission. Since that time, teams with both organizations have worked closely to develop processes, procedures, protocols and data reporting within the Frances Langford Heart Center at Martin Health. Edward Savage, M.D., a cardiothoracic surgeon from Cleveland Clinic Florida, recently joined Martin Health and is performing heart and lung surgeries at Martin Medical Center.

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Source: Cleveland Clinic
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