SCL Health and Intermountain Healthcare announce their intention to merge


Intermountain Healthcare and SCL Health, two nonprofit healthcare organizations, signed a letter of intent to merge and create a healthcare system that provides healthcare to more patients and communities in Montana, including St. Vincent Healthcare and Holy Rosary Healthcare, Colorado, Utah, Idaho, Nevada and Kansas.

Upon completion of the merger, the combined system will employ more than 58,000 caregivers and operate 33 hospitals. It will operate 385 clinics in six states and provide health insurance to approximately one million people. Intermountain and SCL Health currently offer services in adjacent areas without geographic overlap, the organizations said in a press release.

“We are thrilled to merge with SCL Health to usher in a new frontier for the health of communities across Intermountain West and beyond,” said Marc Harrison, MD, President and CEO of Intermountain. “US healthcare must accelerate the shift towards health and population worth, and this merger will quickly advance this cause into a wider geography. We will bring together best practices from both organizations to do even more to improve clinical excellence, transform the patient experience and support healthy living.

“SCL Health and Intermountain continue our merger from strong positions,” said Lydia Jumonville, President and CEO of SCL Health. “We are two individually strong health systems that seek to improve the quality, accessibility and affordability of care. We will advance our missions and better serve the whole region together. ”

The two leaders reiterated that this is an extremely busy time for everyone in the health field, especially given the resurgence of COVID-19. As the merger progresses, organizations will continue to focus on the well-being of caregivers and patients as a top priority.

“St. Vincent remains deeply committed to our mission to provide the best patient care in Montana and Wyoming,” said Michael Skehan, interim president of St. Vincent Healthcare. “Our partnership with Intermountain Healthcare began over five years ago through the development of our pediatric and surgical specialty programs, which continue to bring expert specialists and surgeons to our patients here in St. Vincent. The merger of our two organizations is an opportunity for us to continue our mission. We will have better access to more resources and specialties for our local communities while preserving our Catholic identity and maintaining our heritage. ”

Under the letter of intent, while the organization will be called Intermountain Healthcare, SCL Health’s Catholic hospitals will retain their distinctive Catholic names and continue to operate under existing practices. In addition to seven Catholic hospitals, SCL Health operates a secular hospital in the Front Range.

The amalgamated health care system will be headquartered in Salt Lake City, Utah, with a regional office in Broomfield, Colorado. Dr. Marc Harrison of Intermountain will be the President and CEO of the merged organization. Lydia Jumonville of SCL Health will retain her current role during a two-year integration and serve on the board of a new combined board of directors to ensure the integration of the two organizations. The newly integrated board and management team will be chosen from the two systems.

The intention is for a definitive agreement to be finalized and signed by the end of 2021. The merger of the two companies is expected to be finalized in early 2022, pending all approvals.

Source link

Leave A Reply

Your email address will not be published.