Posted Dec 11, 2017, 5:24 PM
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Registered User
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Join Date: Apr 2013
Location: Chicago & Philly
Posts: 2,696
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Quote:
Originally Posted by the urban politician
^ That's actually quite impressive. But to answer your question, no, I don't think large medical groups will consolidate in Chicago for the above reason.
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Eh, I wouldn't speak so soon...
Ascension and Providence St. Joseph in talks to merge: report
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By: MODERN HEALTHCARE STAFF
Ascension Health and Providence St. Joseph Health are in talks to merge and create the nation's largest hospital chain, the Wall Street Journal reported on Sunday.
A merger between St. Louis-based Ascension and Providence out of Renton, Washington would give the combined not-for-profit entity 191 hospitals in 27 states and annual revenue of $44.8 billion. The deal would put the merged company ahead of HCA, which has 177 hospitals and reported $41.5 billion in 2016, according to Modern Healthcare data.
Ascension, the nation's largest Catholic system, declined to comment on the report. Providence, the nation's #2 Catholic hospital chain, did not respond to a request for comment.
Ascension has a sizable footprint in the Chicago area. The system shares a joint venture called Amita Health with Adventist Midwest Health, a nine-hospital network stretching from the northwest to the southwest suburbs. Ascension has plans to bulk up even more here. The system plans to acquire Presence Health, a large Chicago-based Catholic health system.
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http://www.chicagobusiness.com/artic...o-merge-report
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