Dignity, Catholic Health Mull Megamerger To Become Nation’s Largest Nonprofit Hospital System
The deal would combine 103 hospitals owned by Catholic Health Initiatives, based in Englewood, Colo., with 39 hospitals operated by San Francisco-based Dignity Health.
The Wall Street Journal:
Catholic Health Initiatives, Dignity Health In Merger Talks
Hospital operator Catholic Health Initiatives, which has struggled after rapid expansion and a foray into health insurance, is in merger talks with Dignity Health to create one of the nation’s largest nonprofit hospital systems by revenue. Catholic Health Initiatives and Dignity Health said in a statement they are in talks regarding “aligning their organizations.” A person familiar with the matter said the talks involve a merger. (Evans, 10/24)
Modern Healthcare:
Dignity Health And Catholic Health Initiatives Are In Merger Talks
Dignity Health and troubled Catholic Health Initiatives are in merger talks, the health systems announced Monday. The not-for-profit giants have signed a nonbinding agreement to evaluate “an alignment” between the systems, according to a release. A full merger would create the nation's largest not-for-profit hospital company with combined revenue of $27.6 billion ahead of the $20.5 billion posted by Catholic-sponsored Ascension. (Barkholz, 10/24)
East Bay Times:
Bay Area: Dignity Health In Merger Talks
San Francisco-based Dignity Health on Monday confirmed it has signed a non-binding letter of intent with Catholic Health Initiatives in Colorado to explore a merger. The letter of intent follows last month’s announcement that the two systems formed a partnership called Precision Medicine Alliance. The union would create one of the nation’s largest not-for-profit hospital companies in the U.S.“Health care is at a turning point in our nation,” Lloyd Dean, Dignity president and CEO said in a statement. (Seipel, 10/24)
San Francisco Business Journal:
Catholic Health Initiatives, Dignity Health Hospital Systems Explore Merger
Colorado-based Catholic Health Initiatives has signed a non-binding letter of intent to combine with Dignity Health, a merger that would bring together two of the five largest nonprofit health systems in America and create a faith-based health network that has nearly a nationwide reach. The proposed deal, which the two systems described as a potential “aligning” of their organizations, was announced Monday. It comes one month after Arapahoe County-headquartered CHI and San Francisco-based Dignity Health formed a partnership to create the largest community-based precision-medicine organization in the country, Precision Medicine Alliance LLC, to research and implement patient-focused treatments rather than across-the-board care. (Sealover, 10/24)