Sheehan Medical the million dollar men

Sheehan Medical recently signed a deal with Boston firm MEDITECH for an integrated IT system for their new private hospital the Cork Medical Centre in Cork. It was covered in the Done Deal section of the The Sunday Business Post yesterday. Here is a link to the article, which I have also pasted in below.

Sunday Business Post \’Done Deal\’ 9th May 2010: Sheehan Medical invests €750,000 in IT.

Sheehan Medical invests €750,000 in IT
09 May 2010 By Elaine O’Regan

Healthcare provider Sheehan Medical is investingUS$1 million (€750,000) in an integrated IT system for its new facility, Cork Medical Centre.

The first phase of the system by Boston-based Meditech, will be completed in August in time for the centre’s opening.

The second phase of the project, which will integrate the hospital’s clinical and financial systems, will be completed early next year.

Philip Sheehan, chief operating officer of Cork Medical Centre, said that the system would make all medical information, relating to each of the hospital’s patients, accessible to all of the consultants handling their care.

‘‘This is from entry to the facility through to completion of treatment and, crucially, it can also be accessed by all medical practitioners undertaking subsequent external aftercare, such as GPs or physiotherapists,” said Sheehan.

Cork Medical Centre will be the anchor tenant in City Gate, a mixed-use scheme in Mahon by local developer John Cleary.

Extending to 135,000 square feet, the €75 million City Gate facility will have 75 in-patient rooms, four operating theatres and a same-day surgery centre with 20 out-patient beds.

The facility will also house an intensive care unit and cardiology and neuroscience units.

Projected revenues for its first year of operation are €20 million, rising to €40 million in year five.

Sheehan Medical is operated by chief executive James Sheehan and his father, Dr Joseph Sheehan, who is chairman.

Joseph Sheehan was one of the founders of the Blackrock Clinic in Dublin in 1984. He was also part of the consortium that built the Galway Clinic in 2004.

When it is completed, it is expected that Cork Medical Centre will create 300 direct jobs and 150 ancillaryp ositions. There will be 75 doctors located on-site, providing up to 39,000 patient treatments annually.

In addition to Cork Medical Centre, Philip Sheehan said that the Meditech system had been used in other Sheehan owned medical facilities.

‘‘We have been working with Meditech at our other hospitals for a number of years,” he said.

‘‘Their IT system was adopted by our Galway Clinic in 2004,where it is a great success and it is also in use at the Hermitage and Beacon clinics, and Mount Carmel Group hospitals. This type of advanced IT system is crucial to the modern patient care and the efficient running of the hospital.”

Sheehan Medical has agreed a separate US deal with Loyola University Health System, which will manage a number of services at Cork Medical Centre. In conjunction with Loyola, it is developing a €37 million hospital in Chicago.

Ends