Not-for-profit Trinity Health signed a deal to acquire St. Mary’s Health System
in Waterbury, Conn., adding to the system’s growing New England presence. The deal with St. Mary’s expands the 86-hospital system’s geographic reach, joining the one-hospital Sisters of Providence health system in Springfield, Mass., and the 2014 acquisition of St. Francis Care, a two-hospital system in Hartford, Conn. Unlike many health systems that have looked for partners or buyers, none of the systems involved in the deal are in poor financial health, said Christopher Dadlez, who will become CEO of Trinity’s new region. Rather, these systems are looking to get rid of redundancies, gain clinical knowledge and attain economies of scale. The St. Francis deal is expected to be finalized in October, and the St. Mary’s acquisition is still pending Vatican and state approval.