Chicago HQ planned for merged hospitals
Two large Catholic hospital systems have agreed to merge — and they plan to locate their headquarters in Chicago. Catholic Health Initiatives and Dignity Health announced Thursday that they’ve signed an agreement to create a new nonprofit system. Neither system has hospitals in Illinois now, but the combined operation will establish its corporate headquarters in Chicago.
Lauren Davis, a spokeswoman for Dignity, couldn’t provide details Thursday on how many employees might be located in Chicago or when the Chicago headquarters might open.
Catholic Health Initiatives’ current headquarters in Englewood, Colo., and Dignity Health’s current headquarters in San Francisco will remain open, Davis said in an email.
“This decision was made because Chicago is centrally located, has convenient access to all parts of the country where our ministries are located, and offers good infrastructure to support a national organization,” Dignity said in a statement provided by Davis.
The new system will have 139 hospitals and combined revenue of $28.4 billion. Neither system is paying the other as part of the deal, which is expected to close in the second half of 2018, pending federal, state and Catholic Church approvals.
The systems said in a news release that their hospitals have no geographic overlap across service areas.