Beacon Hospital

Beacon Hospital is a privately owned full-service hospital located in the Sandyford suburb of Dublin, Ireland. Beacon's 9-storey 238,000-square-foot (22,100 m2) facility includes 183 patient beds.[1][2] The hospital was developed by Beacon Medical Group (BMG).

History

On 8 May 2006, Beacon Hospital signed an affiliation agreement with Johns Hopkins Medicine International (JHMI) for JHMI to provide educational and consulting services at the Hospital.[3] Beacon Hospital was officially opened on 25 October 2006 by then-Tánaiste and Minister for Health and Children, Mary Harney.[4] The Hospital was operated by the American Triad Hospitals group.[5] In February 2008, University of Pittsburgh Medical Center (UPMC) began managing the hospital, buying a 25% share in the company for €15 million.[6] In 2009, UPMC took majority ownership of the hospital in a €68 million deal which gave it a 68% equity in the company. The Hospital was rebranded as UPMC Beacon Hospital.[7][8][9] In April 2014, Beacon Hospital was taken over by Irish businessman Denis O'Brien, with UPMC relinquishing its ownership.[10] UPMC paid €20 million to divest itself of the hospital, saving UPMC a projected $231 million in long-term debt.[11] According to UPMC's 2015 accounts, the company lost €33 million on the disposal of Beacon Hospital and wrote off a further €38.9 million in loans.[12] O'Brien paid Ulster Bank €40 million for the Hospital's outstanding €100 million debt.[13]

Awards

Beacon Hospital won the 2008 Irish Healthcare Innovation Award.[14] In 2013, Beacon Hospital won a Commendation at the Irish Healthcare Awards for its DocIT programme.[15] Beacon Hospital also won the 2013 Radiosurgery Excellence Award.[16]

See also

References

  1. ↑ "About Beacon Hospital". Beacon Hospital. Retrieved 2009-08-05.
  2. ↑ http://www.upmc.com/media/newsreleases/2008/pages/bmg-ireland.aspx
  3. ↑ http://www.hopkinsmedicine.org/Press_releases/2006/05_09_06.html
  4. ↑ http://www.beaconhospital.ie/images/PressReleases/beacon_opening.pdf
  5. ↑ http://www.thesundaytimes.co.uk/sto/news/ireland/article1409223.ece
  6. ↑ http://www.upmc.com/media/newsreleases/2008/pages/bmg-ireland.aspx
  7. ↑ http://www.businessandleadership.com/leadership/item/15313-us-medical-group-takes-majo
  8. ↑ Mamula, Kris B. (2009-06-26). "UPMC moves to expand presence in Ireland with investment". Pittsburgh Business Times (Pittsburgh, PA). Retrieved 2009-08-05.
  9. ↑ O'Halloran, Barry (2009-08-26). "US group to take control of Beacon Hospital". The Irish Times (Dublin, Ireland). Retrieved 2009-09-02.
  10. ↑ http://www.irishtimes.com/business/sectors/health-pharma/denis-o-brien-takes-control-of-beacon-private-hospital-1.1753483
  11. ↑ http://www.fortmilltimes.com/2014/09/08/3711092/fitch-rates-upmcs-2014a-and-2014b.html
  12. ↑ http://www.independent.ie/business/irish/american-firm-upmc-lost-72m-on-beacon-hospital-exit-31281416.html
  13. ↑ http://www.thesundaytimes.co.uk/sto/news/ireland/article1409223.ece
  14. ↑ http://www.ucd.ie/entrepreneurslive/michaelcullen/index.html
  15. ↑ http://www.imt.ie/features-opinion/2014/07/changing-the-face-of-mental-health.html
  16. ↑ http://www.thejournal.ie/beacon-hospital-awarded-for-delivering-pioneering-cancer-treatment-758157-Jan2013/

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