Former St. Francis executive offers to buy hospitals - Hawaii News Now - KGMB and KHNL

Former St. Francis executive offers to buy hospitals

Former St. Francis Executive, Eugene Tiwanak leads a group offering to buy St. Francis hospitals Former St. Francis Executive, Eugene Tiwanak leads a group offering to buy St. Francis hospitals
HONOLULU (HawaiiNewsNow) -

Just days after the Queen's Health Systems signed a letter of intent to buy St. Francis West, a former St. Francis executive says he is leading a mainland group that wants to purchase both St. Francis properties.

Eugene Tiwanak and Hampton Health, Ltd., Hawaii LLC, a California-based medical group, have submitted a letter of intent to acquire the Ewa and Liliha hospitals from St. Francis Healthcare System of Hawaii.

Hampton Health Ltd., which was founded by Dr. John H. Fullerton and is headquartered in San Francisco, CA, is partnering with Eugene Tiwanak, the former president and chief executive officer of the St. Francis Healthcare Foundation and St. Francis Residential Care Community.

Hampton Health Ltd., Hawaii LLC says it has obtained the necessary financing from investors in order acquire both St. Francis Medical Center West in Ewa and St. Francis East in Liliha.

"I have worked in many capacities for the Sisters of St. Francis since 1973, including planning, raising funds, administration and community outreach," said Eugene Tiwanak. "It would be a privilege to guide these healthcare institutions as Chief Executive Officer if we can reach agreement with St. Francis Healthcare System."

Tiwanak said Hampton Health Ltd., Hawaii LLC intends to meet the Roman Catholic Church's Ethical and Religious Directives (ERD) for healthcare services in operating both facilities. "Hampton Health will continue to operate the hospitals under the beliefs of the Catholic Church," said Tiwanak.

"Hampton Health and Dr. Fullerton have an outstanding record of developing successful and creative health care programs and services, based in hospitals, clinics, the community and in homes. Their best practices models of healthcare, and substantial financial resources, will allow us to provide quality care at both the 'East' and 'West' facilities," said Tiwanak. He said Hampton Health Ltd. believes the 'East' facility, on Liliha Street, should provide geriatric services, while the 'West' hospital in Ewa would reopen as a comprehensive hospital and health care center, including an emergency room.

Hampton Health would expand medical services and programs, particularly at the Ewa hospital. Tiwanak emphasized that Hampton Health was interested in partnering with Hawaii-based medical service providers.

The letter of agreement was hand-delivered on May 15, 2012 and the price offered remains confidential.

Tiwanak said Hampton Health Ltd., Hawaii LLC is interested in acquiring the fee interest in both campuses, but would also be open to discussing a long-term lease acquisition.

The following is a statement from The Queen's Health Systems:

 

St. Francis Healthcare System of Hawaii and The Queen's Health Systems (Queen's) have signed a letter of intent agreement concerning the former St. Francis West hospital campus.  
The agreement allows Queen's to explore the feasibility of acquiring and reopening the former Hawaii Medical Center West campus.

Queen's will now move forward with the next phase of its due diligence.  Queen's recognizes the importance of reopening the St. Francis West hospital campus as soon as possible.  However, it is also important to underscore that this is only the first of many steps before a smooth, timely ownership transfer and reopening can be accomplished.
At this time, the substance and status of all further discussions are confidential.  

Copyright 2012 Hawaii News Now. All rights reserved.

 

Related Stories:

 

Queen's in talks to buy St. Francis West 

 

 

Powered by Frankly