Chicago HQ planned for merged hos­pi­tals

Chicago Tribune - - BUSINESS - By Lisa Schencker Chicago Tri­bune lschencker@chicagotri­ Twit­ter @lschencker

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.

Newspapers in English

Newspapers from USA

© PressReader. All rights reserved.