Fact Based List:
7 takeaways about CHI-Dignity Merger: Becker's Hospital Review
Submitted by Clive Riddle on Fri, 12/08/2017 - 14:24
- Combined entity will include 139 hospitals, 700+s care sites, 159,000 employees, 25,000+ clinicians and $28.4 billion in revenue
- Organization will be jointly led by Kevin E. Lofton, CEO of CHI, and Lloyd Dean, CEO of Dignity Health
- Merged entity will be governed by new board with six members from each legacy board, plus Lofton and Dean
- Organization will be headquartered in Chicago and operate under a new brand name; local facilities will keep existing brands
- The systems collectively spend roughly $4.7 billion on charity care, community benefit and unpaid cost of gov. programs
- The organizations have variety of clinical partnerships and initiatives spanning telehealth, microhospitals and precision medicine programs
- Proposed deal approved by Dignity and CHI boards; close of transaction expected during second half of 2018
Source: Becker's Hospital Review: CHI, Dignity Health to merge into $28.4B nonprofit system: 7 takeaways
Source URL: https://www.beckershospitalreview.com/hospital-transactions-...
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