Change In Ownership For IU Health La Porte Hospital Leads To Creation Of The Healthcare Foundation Of La Porte
Funded initially with $106M from deal, HFL will focus on improving the health of our local community
La Porte, Ind. (March 1, 2015) – Today’s announcement of the finalized affiliation among Community Health Systems (CHS), IU Health, and IU Health La Porte and Starke Hospitals results in a landmark event for the La Porte community—the creation of the Healthcare Foundation of La Porte (HFL), a new, independent, not for profit foundation dedicated to empowering residents in and around La Porte to live healthy and well.
Funded initially with $106M from the change in ownership for IU Health La Porte and Starke Hospitals, the foundation will be managed by a volunteer board of 11 local community members and focused on improving the health of the local community. The board members include several former chairs of the La Porte Hospital Board and several members of the existing La Porte Hospital Foundation. These community members respect and cherish the legacy of both La Porte Hospital and the existing Foundation.
“Our La Porte community has a long history of supporting healthcare initiatives, from building the current hospital in the late 1960s to recent capital campaigns supporting heart services and facilities—the establishment of HFL begins the next chapter in La Porte’s story,” said Chairman of the Board of Directors, Jeffrey Bernel. “HFL owes a debt of gratitude to our existing Foundation for its example and guidance as we begin to build upon its successful legacy. The existing foundation’s assets and programs will be combined with HFL and we are all committed to working in partnership with the residents of La Porte to become one of Indiana’s healthiest communities.”
The Healthcare Foundation of La Porte will optimize healthy living in La Porte by focusing on Strategic and Thought Leadership; Grantmaking, Scholarship and Vouchers; and Healthcare Programming. Maria Fruth, currently the Executive Vice President and Chief Operating Officer of the La Porte Hospital Foundation, will become the Chief Operating Officer of HFL and oversee all aspects of the new foundation.
“We will rely on Maria’s expertise and the HFL Board members to guide our work throughout this year to establish our role in the community,” said Bernel. “Many of the existing Foundation’s signature programs and events play an invaluable role in our community and will continue to operate in 2016 and into the foreseeable future, including the annual Holiday at the POPS concert and the Tour de La Porte.”
Beginning in late 2017 approximately 5% of the value of HFL’s assets will be used annually to support healthier living in La Porte through its three strategic areas. Over time, the size and impact of HFL should grow as fundraising efforts continue, additional proceeds are received, and investment strategies are implemented.
“Over the next few months, we will be reaching out across the community to introduce our Board, talk more about our mission and vision and share our excitement for this next chapter,” said Fruth. “The Healthcare Foundation of La Porte will be our local voice in healthcare, and we will continue to depend on contributions of time, energy, and funds if we are to create real change.”