February 4, 2019; Healthcare Dive and Colorado Springs Gazette
“Englewood-based Catholic Health Initiatives…has completed its merger with San Francisco-based Dignity Health to form a nearly $30 billion healthcare giant spanning 21 states,” reports Wayne Heilman in the Colorado Springs Gazette. Heilman explains that the new combined nonprofit, now called CommonSpirit Health, will be based in Chicago. It will operate “142 hospitals and more than 500 other health care facilities nationwide with about 150,000 employees.”
The merger has been a long time coming. Heilman notes that, “Catholic Health and Dignity agreed to the merger in December 2017 after signing a letter of intent 13 months earlier.”
Writing in Healthcare Dive, Lee Masterson adds that formally the merger is between equals. “Englewood, Colorado-based CHI CEO Kevin Lofton and San Francisco-based Dignity Health President and CEO Lloyd Dean will both serve as CEOs for the new health system,” notes Masterson.