As the largest and most comprehensive healthcare provider in the Gulf South, our combined organization will improve access to high quality healthcare across the region. Lafayette General will anchor services as the regional healthcare hub in southwest Louisiana for the statewide health system, and by combining our resources, we will strengthen access to care and boost our local economy for generations to come.
Through Ochsner’s investment of $365 million in capital and resources over the next 10 years, together, we will:
The system will invest more than $50 million in expanding key services including pediatrics, women’s health, cancer services and more, as well as introduce pioneering behavioral health services the community desperately needs.
The partnership will provide greater financial stability for University Hospital & Clinics, enabling the hospital to continue serving the most vulnerable members of the community. Additionally, a 10-year, $10 million Community Support Fund overseen by the Lafayette General Board will be created to advance health and wellness in Acadiana.
A major investment in graduate medical education will be made at Lafayette General Medical Center to help train the physicians of the future. The system will add approximately 48 residency positions at the medical center, building on the 75 positions currently at University Hospital & Clinics and LGMC. Workforce development programs and continuing education to support employees will grow to include physician assistants, respiratory therapists, pharmacy assistants, registered nurses, surgical technicians and medical assistants.
All current Lafayette General employees will continue with the combined organization, and minimum pay will increase by nearly $2 to $12 per hour across the system, impacting 800 employees. The system aims to increase jobs over time, as services expand.
The combined system will invest in further development of digital health tools at Lafayette General to empower patients and lower the cost of care. In addition, $1 million will be invested in the Healthcare Innovation Fund at the Lafayette General Health Foundation to further digital medicine and technology initiatives in Acadiana. The Fund, which started in 2016, supports healthcare startup businesses across the region.
Lafayette General will maintain an open medical staff, allowing physicians to choose how they affiliate with the health system. The current leadership team and Board of Trustees will continue to guide the system and provide operational oversight. Lafayette General Health will keep its name and co-brand with Ochsner after completion of the merger.
Signing the letter of intent to merge with Ochsner is the first step in a process that will take several months to complete. Both organizations will now enter into a period of due diligence and seek required regulatory approvals. The merger is expected to be finalized in the spring of 2020.
Throughout this process, both organizations are committed to communicating with our patients, community, physicians and employees to share updates about our progress. As always, our number one priority remains providing the high-quality care our friends and neighbors deserve and have come to expect.