- After the agreement with the Holy Charity Hospital Foundation in March, the takeover was awaiting administrative authorization.
10TH, JUNE, 2021. The Ribera healthcare group has finalised the takeover of management of Juan Cardona de Ferrol Hospital after the National Commission for Markets and Competition (CNMC) gave the green light. After the agreement with the Holy Charity Hospital Foundation in March, the company was awaiting this final authorization. This agreement does not include the purchase of the building which remains the property of the Foundation.
The Holy Charity Hospital Foundation has managed this emblematic benchmark hospital center in Ferrol since 1974, and it will remain connected to the same post which, as well as remaining the property owner, will continue to manage all social work.
With this, the Ribera group, which is specialized in offering public and private healthcare services, continues to expand its field of activity and consolidate its presence in Galician healthcare after acquiring Ribera Povisa hospital in Vigo in December, 2019, and Ribera Polusa hospital and Santo Domingo clinics in Lugo at the end of 2020.
“This deal is a step further in consolidating our project in Galicia”
According to Elisa Tarazona, CEO of the Ribera group, this is “a step further in consolidating our project in Galicia, where we want to continue to support the healthcare system and learn from the great professionals working within it, being committed to continuing to offer the best service to citizens”.
“It is also our responsibility to continue the great work of the Foundation and maintain the excellent team of professionals that makes the center a benchmark in the region”, Eliza Tarazona reiterates.
For Alberto Lens, President-Elder of the foundation, “it is the best solution in order to strengthen healthcare in Ferrol and throughout the region, ensuring that the staff are kept as well as ownership of the hospital building, which belongs to all of Ferrol. Similarly, the sustainability of social benefits that this dear institution has provided since the end of the 18th century is ensured”.
About Juan Cardona Hospital
With more than 22,000 square feet, Juan Cardona is Ferrol’s only private hospital center and works with the main healthcare insurance providers. It has 183 beds, 4 operating theatres, 6 hospitalization units and an Intensive Care Unit, a complete portfolio of services and a staff of 300 professionals.
About the Ribera group
Ribera is a business group, providing public and private healthcare services, which has been working for the health and well-being of the population since 1997. It’s main shareholder with 90% of the shares is the Centene Corporation group, one of the main American insurance companies, included in the Fortune 50, with more than 30 years experience in collaborating with state governments in the United States developing mainly Medicare and Medicaid programs. The Spanish banking group, Banco Sabadell, is the other shareholder with 10%. Ribera manages 9 hospitals in Spain, 3 of which are university ones, and 62 health centers and other projects in Europe and Latin America. In Galicia it has Ribera Povisa hospital in Vigo and Ribera Polusa hospital in Lugo, as well as the University School of Nursing in Vigo and the Polusa Santo Domingo clinics. It has been developing a collaborative public private model for more than 20 years which is studied as a success story in leading universities such as Berkeley and Harvard Business School. The group also has a technology division, Futurs, a Laboratory division, Ribera Lab, and a purchase center, Ribera b2b, amongst other projects. Its responsible health model, based on the “5 Ps”: personalized, predictive, preventative, population-based and participatory medicine, is a reflection of their commitment to society in order to continue providing value and innovative solutions that allow the group to face global healthcare challenges, according to the 2030 Agenda’s Sustainable Development Objectives.
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