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)
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)