Memorial parent may merge with Dignity Health
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.