Catholic-Dignity Merger To Forge Nonprofit Health Giant

CEO Lloyd Dean shown here at the Dignity Health headquarters in San Francisco will be co-CEO of the large new health system formed by the planned merger of Dignity Health and Catholic Health Initiatives of Colorado

After a year of negotiations, Dignity Health and Catholic Health Initiatives have signed a definitive agreement to merge operations.

The new health system would include 139 hospitals across 28 states and a combined revenue of almost 29 billion dollars with more than 159 thousand employees. The two companies said their combined headquarters will be in the Chicago area, and they will operate under a new name that will be revealed after the deal closes, which is expected to occur in the second half of next year.

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We reached out to local hospital representatives to learn what effect, if any, the merger will have on the local hospitals and their employees.

Local facilities will continue operating under their current names, the companies said.

Dignity CEO Lloyd Dean and CHI's CEO Kevin Lofton will lead the new organization together as CEOs, each with specific responsibilities and decision-making authority. "Our new organization will have the talent, depth, breadth, and passion to improve the health of every person and community we serve".

CHI, which is based in the Denver area, said it is combining forces with Dignity Health, a Catholic healthcare system based in San Francisco.

Advancement of digital technologies like stroke robots and Google Glass.

Dignity said the new system will keep its commitment to supporting communities through charity care, grants, and loans to help create healthier communities. Although there is no immediate impact on the credit ratings of either health system, it is likely Dignity Health will be downgraded if the deal closes, according to S&P Global Ratings.

"I think for the first couple months the people most directly impacted are national folks that work in those two offices", Reyman said.

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

The merger which is still subject to federal, state and church approval, is expected to go through in the second half of 2018.

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