Lofton said CommonSpirit has the potential to alter the landscape of health care in the United States. They expect to complete the transaction by the end of 2018. Commonspirit Health is the new health system from the merger between Dignity Health and Catholic Health Initiatives. Under CommonSpirit Health, they expanded care to serve 700 care sites and 142 hospitals across communities in 21 states. The deal would include CHI St. Alexius Medical Center in Bismarck and 13 critical access hospitals, along with associated clinics and living communities now operated by CommonSpirit and CHI Health at Home home-health and hospice agencies. Catholic Health Initiatives (CHI) and Dignity Health – who announced a Definitive Agreement to combine their health ministries in December 2017, have chosen “CommonSpirit Health” as the name of their new organization. CommonSpirit Health emerges with $29B CHI-Dignity Health merger. Perhaps the greatest outstanding question about the merger is how the national health-care landscape will be shaped by the sheer size and influence of CommonSpirit Health. It operates more than 700 care sites and 142 hospitals in 21 states. CommonSpirit Health was formed in 2019 through the merger of Catholic Health and California-based Dignity Health. CommonSpirit Health is the largest Catholic health system, and the second-largest nonprofit hospital chain, in the United States (as of 2019). The system, Virginia Mason Franciscan Health, will be part of Chicago-based CommonSpirit Health. 1, 2019—Dignity Health and Catholic Health Initiatives (CHI) have come together as CommonSpirit Health, creating a new nonprofit Catholic health system focused on advancing health for all people and serving communities in 21 states. On January 1, 2019, Catholic Health Initiatives (CHI) and Dignity Health came together to form a single healthcare organization called CommonSpirit Health, in a $29 billion megamerger.However, both organizations currently retain their identities. Share 12. The merger of Catholic Health Initiatives and Dignity Health creates a Chicago-based nonprofit healthcare system with $10 billion in debt and operations in 21 states. Dignity Health and Catholic Health Initiatives (CHI) on Friday finalized their merger to form one of the largest nonprofit hospital systems in the United States.. Five characteristics of the most successful M&A deals . CommonSpirit Health posted $40 million in operating income in the second quarter of its fiscal 2020, marking the system's first operating gain since it was created by a 2019 merger. Combined assets between CHI and Dignity Health are $39.3 billion, according to a May 14 Wall Street Journal article. "A small goal," he joked. CommonSpirit Health, created in February 2019 with the merger of Catholic Health Initiative and Dignity Health, now includes more than 140 hospitals in its system across 21 states. However, CHI and Dignity Health will keep the names of local hospitals and facilities in the communities where they are located. In its second quarter of fiscal 2020, CommonSpirit Health posted its first operating gain since it was created by a 2019 merger, indicating the system is making progress in turning its finances around. In addition, the company must include … The health system giant has nearly $29 billion in revenue and 137 hospitals, with CHI Franciscan representing about $2.45 billion in revenues and 10 hospitals. With approximately 150,000 employees and 25,000 physicians and advanced practice clinicians, CommonSpirit operates 142 hospitals and more than 700 care sites across 21 states. The California Attorney General’s Office announced Wednesday that it approved the merger of Dignity Health and Catholic ... week that the new entity will take the name CommonSpirit Health. CommonSpirit is a nonprofit, Catholic health system dedicated to advancing health for all people. The merger, the WSJ said, would make CommonSpirit Health one of the largest U.S. hospital systems in the country with $28 billion in revenue annually. CommonSpirit Health will be based out of Chicago, Illinois. Soon after closing the 2019 merger of Catholic Health Initiatives (CHI) and Dignity Health to create CommonSpirit Health, Lloyd Dean and Kevin Lofton--jointly appointed to the role of CEO--must make several operational and strategic decisions related to the integration of the legacy organizations. Virginia Mason Health System announced Thursday it plans to merge with a Washington state division of Chicago-based CommonSpirit, one of the largest U.S. health systems. 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