Chris­tus, Good Shep­herd en­ter merger dis­cus­sions

Modern Healthcare - - REGIONAL NEWS - —Dave Barkholz

Chris­tus Health, a 40-hospi­tal Catholic sys­tem based in Irving, Texas, has en­tered into merger talks with an­other sys­tem in northeast Texas.

Two-hospi­tal Good Shep­herd Health Sys­tem in Longview, Texas, was look­ing for a part­ner for more than a year be­fore sign­ing a let­ter of in­tent with Chris­tus late last month.

“After our ex­pe­ri­ence search­ing for the right fit, it be­came clear that Chris­tus Health, a not-for-profit part­ner based here in Texas, could provide Good Shep­herd with both the re­sources to ex­pand the care we cur­rently provide and strengthen our hos­pi­tals for the fu­ture,” Good Shep­herd CEO Steve Alt­miller said.

Chris­tus and Good Shep­herd de­clined to dis­cuss terms. The com­pa­nies expect to com­plete due dili­gence by early 2017 and ini­ti­ate state and reg­u­la­tory re­views while mov­ing to­ward a defini­tive agree­ment.

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