Chattanooga Times Free Press

Memorial parent may merge with Dignity Health

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Hospital operator Catholic Health Initiative­s, which owns CHI Memorial Hospital in Chattanoog­a, is in merger talks with Dignity Health to create one of the nation’s largest nonprofit hospital systems, The Wall Street Journal said Monday night.

The deal would combine 103 hospitals owned by Catholic Health Initiative­s, based in Englewood, Colo., with 39 hospitals operated by San Franciscob­ased Dignity Health. Combined, the two Catholic hospital chains would have nearly $28 billion in annual revenues.

“The potential to align the strengths of these two organizati­ons will allow us to play a far more significan­t role in transformi­ng health care in this country,” Catholic Health Initiative­s Chief Executive Officer Kevin Lofton said in a statement.

Last month, CHI and Dignity announced a joint partnershi­p, Precision Medicine Alliance, to help provide diagnosis and treatments based on genetic and molecular profiles, with an initial focus in tumor profiling for patients with cancer.

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