Why did Summa Health add financial muscle three years ago in the form of HealthSpan Partners of Cincinnati? For moments just like the one last week, Summa unveiling plans to invest $350 million in its Akron City campus and Summa Barberton Hospital. The largest share ($270 million) will come in the first phase, or the next five years, and it will reshape the Akron campus, providing a new “front door” to the hospital, as Summa put it.
Mayor Dan Horrigan got it right in noting the significance of the project for the city. Such an investment hardly rates as commonplace. It will bring a welcome jolt of economic activity.
If anything, hospitals have been leading the way in plowing resources into the city core. The Cleveland Clinic has translated its ownership into a $100 million investment in Akron General, including a new emergency department. Akron Children’s Hospital has expanded its footprint in big ways. For the full article click here
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