by
Thomas Dworetzky, Contributing Reporter | April 03, 2017
The fall has been fast for the system. "It is certainly very unusual where a hospital system falls this far, this fast," he added, pointing out that "four or five years ago," the rating was AA.
In October, 2016,
CHI and Dignity Health entered merger talks.
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The Wall Street Journal reporting on the talks, noted that the combined revenue for a new organization would be about $27.8 billion, based on current financial statements.
The two organizations do not overlap in their geographic coverage areas, according to the Denver Business Journal, which wrote that a merger “would create a nationwide powerhouse in the health system and allow them to use their combined resources to find paths forward in the ever-changing world of health care.”
“The potential to align the strengths of these two organizations will allow us to play a far more significant role in transforming health care in this country,” Kevin E. Lofton, CHI CEO, said in the joint statement. “Together, we would enhance our shared ministry as the health industry transitions to a system that rewards the quality and cost-effectiveness of care.”
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