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About Lockton
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Merit Health
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“Lockton is the perfect proactive partner solving our problems as if they were their
own.” |
Merit Health Systems acquires and revitalizes hospitals in larger cities to
better serve local communities. John Thompson, Chief Financial Officer, puts the
challenge this way: "We’re a new holding company with a small corporate staff and
we’ve bought four hospitals. The challenge for Lockton was to help us build a risk
management program from scratch. Each hospital we’ve acquired is unique, so we needed
an assessment and program design for each business."
Lockton conducts an upfront
assessment for Merit during acquisitions, makes ongoing clinical assessments regarding
patient safety and provides relevant training. "Lockton’s role is to do due diligence,
to point out where the risks are and advise us. They have consistently helped us.
We rely on them heavily throughout these acquisitions and what they say affects
our decisions about a business."
Lockton is responsible for the important area of
ongoing loss control for Merit Health Systems, which is a main concern of the company.
"It’s important for us to be in the mother/baby business. In two hospitals, Lockton
helped us reopen a mother/baby program. This brings a lot of risk and they’ve helped
us with how we’re going to develop this, insure it, and put the right clinical and
operational programs in place."
"Lockton is the perfect partner. I can give an entire
function of our company to them and not worry about it. They apply whatever resources
are necessary to get it done well, done on time and with a good result."
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