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Health System Services history
Health System Services company history timeline
June 1996: An affiliate of Forstmann Little & Co. acquires the company in a $1.1 billion leveraged buyout.
In 1996, Clinton signed the Health Insurance Portability and Accountability Act (HIPAA), which established privacy standards for individuals.
1999 The Martin Memorial Cancer Center, now the Robert and Carol Weissman Cancer Center, opens.
June 2000: Community Health Systems, Inc. is taken public for the second time on the New York Stock Exchange trading under the symbol CYH with an initial offering price of $13 per share.
By the year 2000, NHE accounted for 13.3 percent of GDP — just a 1.2 percent increase over the past decade.
2006 The Frances Langford Heart Center opens its doors bringing open-heart surgery and interventional cardiology to Martin County.
July 2007: Community Health Systems, Inc. completes the acquisition of Triad Hospitals, Inc. adding more than 50 hospitals and nearly doubling the size of the organization.
2011 Martin Memorial Health Systems changes name to Martin Health System.
2013 HealthSouth Rehabilitation Hospital at Martin Health opens on the Salerno Road campus in Stuart.
January 2014: Community Health Systems, Inc. completes the acquisition of Health Management Associates, Inc., adding approximately 70 hospitals to the organization.
April 2016: On April 29, 2016, the organization formed a new, independent, publicly traded hospital company by spinning off a group of 38 hospitals and Quorum Health Resources, LLC, a leading hospital management and consulting firm.
Nevertheless, 8 million people signed up for insurance through the ACA Marketplace during the first open enrollment season, with enrollment peaking in 2016 at 12.2 million (with 10 million of those receiving subsidies to help pay for insurance).
Since Donald Trump was sworn in as the 45th President of the United States on January 20, 2017, many have questioned what would happen with our healthcare system — specifically, what would happen to the ACA, since Donald Trump ran on a platform of “repealing and replacing” the bill.
Lastly, in August of 2017, the Trump administration significantly cut federal spending on advertising promoting awareness of the ACA exchanges, as well cut spending on ACA "navigators" who served to guide people through the enrollment process.
According to the Kaiser Family Foundation, the ACA has covered an average of 11.3 million annually since its inception, though 8.5% of the United States population (roughly 27.5 million Americans) remain uninsured, as reported by the KKF in 2018.
2019 Martin Health System becomes part of Cleveland Clinic, a health system that is consistently ranked among the nation's best.
Hungry to notch a win on healthcare prior to the 2020 election, the Trump administration continues to push ahead on initiatives designed to reign-in healthcare costs.
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Health System Services competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| New York Congregational Nursing and Rehabilitation Center | 1994 | $50.0M | 350 | - |
| Athena Health Care Systems | 1984 | $39.0M | 263 | 28 |
| Sisters Of Providence Health System | - | $270.0M | 3,494 | - |
| International Medical Group | 1990 | $99.7M | 501 | 7 |
| Tennessee Health Management | - | $35.3M | 50 | 1 |
| National Healthcare Resources, Inc. | 1992 | $1.4M | 30 | 10 |
| OneBlood | 2012 | $168.3M | 2,700 | 54 |
| BJC HealthCare | 1993 | $4.0B | 27,191 | 1,770 |
| Tennessee Medical Association | 1830 | $5.0M | 7,500 | - |
| Partners Health Management | 2012 | $33.5M | 200 | 28 |
Health System Services history FAQs
Zippia gives an in-depth look into the details of Health System Services, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Health System Services. The employee data is based on information from people who have self-reported their past or current employments at Health System Services. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Health System Services. The data presented on this page does not represent the view of Health System Services and its employees or that of Zippia.
Health System Services may also be known as or be related to Health System Services, Health System Services, Ltd. and Health Systems Inc.