New Regional Health System
September 14, 2009A Michigan based company, Trinity Health, is currently initiating a transaction to acquire three hospitals from Catholic Health Initiates. Catholic Health Initiatives is a national nonprofit health organization whose headquarter is located in Denver, Colorado. The objective of this agreement would be to consolidate a total of four hospitals into a new regional health system located in Idaho.
Trinity currently owns 28 hospitals and manages another 14. As of late, Trinity has aimed to establish a closely managed and coordinated regional network of hospitals, nursing homes, and outpatient care centers. By establishing such a network Trinity hopes to position themselves to better negotiate managed care contracts.
Although the specific terms are of this transaction are still being discussed, all four hospitals are said to remain open once it is completed. The deal is expected to conclude in early 2010.
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