Cedars-Sinai and Torrance Memorial Announce Proposed Affiliation
LOS ANGELES (May 10, 2017) – Cedars-Sinai and Torrance Memorial today announced plans for a
formal affiliation designed to strengthen both organizations’ ability
to serve the community and to enhance access, coordination and quality
of care for the public.
Under the proposed affiliation, each institution will retain its respective
board of directors and continue to operate separately but will affiliate
under a new parent organization with a new board of directors, to be called
Cedars-Sinai Health System.
The proposed affiliation will provide a platform for future collaborations
in primary and specialty care, expanded access to the latest clinical
trials and an efficient sharing of resources among both institutions.
While the proposed affiliation has been approved by each institution’s
board of directors, it will soon be submitted for review by various regulatory
agencies that approve proposed affiliations of this type. The regulatory
approval process is expected to take about six months.
Torrance Memorial includes the 470-bed Torrance Memorial Medical Center
in addition to a multispecialty physician group (Torrance Memorial Physician
Network), an independent physician association (Torrance Health IPA) and
an accountable care organization (Torrance Memorial Integrated Physicians),
which collectively include more than 500 physicians. Torrance Memorial
also has several outpatient centers located throughout the South Bay region.
Cedars-Sinai includes the 886-bed Cedars-Sinai Medical Center, the 145-bed
Marina Del Rey Hospital, a multispecialty physician network of 887 doctors
(Cedars-Sinai Medical Network) and many primary care, urgent care and
specialty care centers throughout the Los Angeles region. It also is a
major research and education center, with more than 1,500 current research
projects and 480 clinical trials, and trains 473 medical residents and fellows.
The affiliation will focus on new opportunities for coordination of care
and resources between the two organizations and joint programs to provide
access to more people for needed medical services as well as access to
clinical trials and the latest developments in medical research. Each
organization will continue to have its own board, its own hospital medical
staff and related physician organizations, and its own employees. Each
organization’s president and CEO (Craig Leach at Torrance Memorial
and Thomas M. Priselac at Cedars-Sinai) will continue to lead their respective
entity, with Priselac also to serve as president and CEO of the parent
entity, Cedars-Sinai Health System.
Both organizations will continue their longstanding partnerships with local
community organizations aimed at improving health.
Cedars-Sinai (founded in 1902) and Torrance Memorial (founded in 1925)
are two of California’s longest-serving nonprofit healthcare organizations.
In the past several years, they have collaborated on a variety of projects
such as the establishment of a telestroke program to more quickly diagnose
and treat stroke patients.
“In seeking an affiliation, we wanted to find a partner that had
a good understanding of and respect for our history, our mission and the
communities we serve,” said Craig Leach, Torrance Memorial’s
president and CEO.
“Working with Cedars-Sinai over the years, we have been impressed
not only with their quality and commitment, but with their ability to
work constructively with a wide variety of stakeholders, to listen carefully,
and to develop programs that effectively serve the community’s needs.”
Priselac, Cedars-Sinai’s president and CEO, emphasized the importance
of developing collaborative efforts in the proposed affiliation.
“While both Torrance Memorial and Cedars-Sinai have strong track
records for serving the region, the governance structure of the proposed
affiliation is designed to foster collaboration and share resources to
further enhance those capabilities to benefit patients and the community,”
Priselac said.
About Torrance Memorial Medical Center
Founded in 1925 by Jared Sidney and Helena Childs Torrance, Torrance Memorial
Medical Center is a 470-bed, nonprofit medical center established to provide
quality healthcare services predominantly to the residents of the South
Bay, Peninsula and Harbor communities. Torrance Memorial seeks to offer
the most current and effective medical technologies rendered in a compassionate,
caring manner. In 2012, it joined the ranks of the top hospitals in the
nation by earning coveted Magnet® recognition from the American Nurses
Credentialing Center, which recognizes nursing excellence. Torrance Memorial
also has been ranked as one of the best hospitals for 2016-17 in California
and the Los Angeles metro area for the fifth year straight by
U.S. News & World Report. For more information, please visit:
www.TorranceMemorial.org.
About Cedars-Sinai
Cedars-Sinai is a national leader in providing high-quality, patient-centered
healthcare encompassing primary care as well as specialized medicine and
research that leads to lifesaving discoveries and innovations. Since its
beginning in 1902, Cedars-Sinai has evolved to meet the healthcare needs
of one of the most diverse regions in the nation, continually setting
new standards in quality and innovation in patient care, research, teaching
and community service. Today, Cedars-Sinai is widely known for its national
leadership in transforming healthcare for the benefit of patients. Cedars-Sinai
impacts the future of healthcare globally by developing new approaches
to treatment and educating tomorrow’s physicians and other health
professionals. At the same time, Cedars-Sinai demonstrates a longstanding
commitment to strengthening the Los Angeles community through wide-ranging
programs that improve the health of its most vulnerable residents.
Torrance Memorial Media Contact: Ann O’Brien
Telephone: 310-517-4706
Email:
ann.obrien@tmmc.com
Cedars-Sinai Media Contact: Duke Helfand
Telephone: 310-423-4714
Email:
duke.helfand@cshs.org