IRV­ING, Texas

Modern Healthcare - - REGIONAL NEWS - —Rachel Lan­den

Christus Health, a Catholic not-for-profit health sys­tem, an­nounced that it plans to en­ter into a joint ven­ture with Pon­ti­f­i­cia Univer­si­dad Católica de Chile, a Chilean univer­sity owned by the Catholic Church. The mem­o­ran­dum of un­der­stand­ing signed by the two pro­vides for the own­er­ship, op­er­a­tion and ex­pan­sion of Pon­ti­f­i­cia Univer­si­dad Católica de Chile’s health net­work as 17-hospi­tal Christus sup­plies a lo­cal ex­ec­u­tive team, in­clud­ing CEO, chief op­er­at­ing of­fi­cer and chief fi­nan­cial of­fi­cer. “We be­lieve that the part­ner­ship we cre­ate in Chile and our ex­pe­ri­ence in Mex­ico will al­low us to meet deep health­care needs and will also help us di­ver­sify our op­er­a­tions, strengthen Catholic health­care around the world and help Christus lead the devel­op­ment of new, in­ter­na­tional health­care models,” Ernie Sadau, pres­i­dent and CEO of Christus Health, said in a news re­lease. Though a de­fin­i­tive agree­ment re­gard­ing de­tails of the op­er­a­tions has not been reached, a fi­nal deal is ex­pected within the next three to six months. It is an­tic­i­pated that Christus will own a 40% stake in the ven­ture. Its health sys­tem is one of the largest in Chile, in­clud­ing two hos­pi­tals, 11 out­pa­tient cen­ters and a lab­o­ra­tory and imag­ing ser­vices net­work, ac­cord­ing to Christus. Be­sides its hos­pi­tals and a num­ber of long-term-care fa­cil­i­ties, Christus Health also has 175 clin­ics and out­pa­tient cen­ters. The Catholic health sys­tem is also in 60 cities and has had an in­ter­na­tional pres­ence since 2001, op­er­at­ing a sim­i­lar joint ven­ture with a seven-hospi­tal sys­tem in Mex­ico.

Al­can­tara, an out­pa­tient fa­cil­ity in San­ti­ago, Chile, is part of the health net­work owned by the univer­sity.

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