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PROMEDICA OFFERS BUYOUTS

ProMed­ica, of Toledo, has offered buy­outs to 1,200 of its employ­ees at its 11 med­ical facil­i­ties, includ­ing Defi­ance Regional Hos­pi­tal, Toledo Hos­pi­tal, Flower Hos­pi­tal, Syl­va­nia, and St. Luke’s Hos­pi­tal.

ProMed­ica says the vol­un­tary buy­out is only being offered to ProMed­ica employ­ees who fit the “80” for­mula.

That means an employee who is 55 years old and has been with ProMed­ica for 25 years would fit that cri­te­ria, as would an employee who is 60 years old and has been with ProMed­ica for 20 years.“

Report­edly, that means the buy­out offer will affect only three employ­ees at the Defi­ance Regional Hos­pi­tal.

From 2011–13, the total num­ber of employ­ees at ProMed­ica hos­pi­tals increased from about 10,000 to almost 15,000.

ProMed­ica is one of many hos­pi­tals across the nation now try­ing to shrink its costs. Other hos­pi­tals are even lay­ing off employ­ees.

Offi­cials say the future does not look that good for hos­pi­tals since the Afford­able Care Act will reduce reim­burse­ments even further.