Wednesday, October 17, 2012

Saint Alphonsus Parent Announces Consolidation With Catholic Health East

Posted By on Wed, Oct 17, 2012 at 1:33 PM

Saint Alphonsus Health System parent Trinity Health announced today that it has signed a letter of intent to consolidate with Catholic Health East, creating a unified national health network of 82 hospitals and 89 continuing care facilities in 21 states, including Idaho.

“By combining our systems into one, we further strengthen our ability to heal the body, mind and spirit of the people and communities we serve," said Saint Alphonsus President and CEO Sally Jeffcoat.

The non-binding letter of intent followed an announcement that Trinity Health's CEO Joseph Swedish would become president and CEO of the new organization, while Catholic Health East CEO Judith Persichilli would become the executive vice president.

More than 87,000 employees, including 4,100 employed physicians, would provide care in the new system, which would have annual operating revenues of about $13.3 billion and assets of about $19.3 billion.

Due diligence over the next several months is expected to culminate in a definitive agreement in spring 2013.

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