Catholic-Dignity Merger To Forge Nonprofit Health Giant

Federico Mansilla
Diciembre 8, 2017

Colorado-based Catholic Health Initiatives and Dignity Health will merge to form one of the largest faith-based health systems in America - a decision that was reached after 14 months of negotiations, the companies announced today. The two companies said their combined headquarters will be in the Chicago area, and they will operate under a new name that will be revealed after the deal closes, which is expected to occur in the second half of next year. The deal, subject to federal, state and church approvals, is anticipated to close in the second half of 2018. Individual facilities will continue to operate under their existing names, at least for the foreseeable future.

The joint organizations would have a 28-state footprint, including North Dakota, with 700 care sites and 139 hospitals nationwide, about 159,000 employees and more than 25,000 physicians and clinicians. Neither system has hospitals in IL now, but the combined operation will establish its corporate headquarters in Chicago.

CHI Health is the largest health system in Nebraska, with more than 12,000 employees.

The combined organization will have 139 hospitals and almost 160,000 employees, including more than 25,000 doctors.

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The governing board for the new organization, the Board of Stewardship Trustees, will include six members from each legacy board and the two CEOs.

"We foresee an incredible opportunity to expand each organization's best practices to respond to the evolving health care environment and deliver high-quality, cost-effective care", Dean said in a statement.

Together, the systems earned $28.4 billion in revenue in 2017 and also had $38 billion in assets and gave $4.8 billion in charity care, community benefit and the unpaid cost of government programs.

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