Catholic-Dignity Merger To Forge Nonprofit Health Giant

The CHI St. Alexius hospital in Dickinson

Catholic Health Initiatives, the parent organization of CHI Health, announced Thursday that it plans to merge with another Catholic health system.

The merger between Englewood, Colorado-based CHI and San Francisco-based Dignity Health will result in a new health system that includes 139 hospitals and 700 care sites and employs about 159,000 people and more than 25,000 doctors and clinicians.

The combined company's headquarters will be in Chicago and operate under a new name, which will be chosen in the second half of next year, when the deal is expected to close, the companies said.

The organizations are geographically complementary with no overlap across hospital service areas, a factor that may help the deal overcome any antitrust concerns.

"It's our pleasure to share with you that Catholic Health initiatives and Dignity Health have signed a definitive agreement to combine our ministries and build a new Catholic health system", CHI CEO Kevin Lofton said in a video posted to Facebook. Lofton will oversee mission, advocacy, sponsorship and governance, system partnerships and IT. Dean will have authority for all of operations, including clinical, financial and human resources.

Specialist wait times up in Canada, Ontarians wait the shortest
New Brunswick had the longest median wait times in Canada, at 41.7 weeks, followed by Nova Scotia (37.7 weeks) and P.E.I. Canadians wait more than four weeks for a CT scan and almost 11 weeks for a MRI scan, it adds.

Advancement of digital technologies like stroke robots and Google Glass.

Lloyd Dean, president and chief executive officer of Dignity Health, said the merger offers an "incredible opportunity" to respond to the "evolving health care environment" while delivering high-quality and cost-effective care. Dignity Health has medical facilities in California, Nevada and Arizona.

Merger mania in the healthcare space continues to stay active in December, a trend that's dominated the entire year.

Dignity Health and CHI are no strangers to each other and have partnered on other initiatives.

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