7 takeaways about CHI-Dignity Merger: Becker's Hospital Review

1. Combined entity will include 139 hospitals, 700+s care sites, 159,000 employees, 25,000+ clinicians and $28.4 billion in revenue
2. Organization will be jointly led by Kevin E. Lofton, CEO of CHI, and Lloyd Dean, CEO of Dignity Health
3. Merged entity will be governed by new board with six members from each legacy board, plus Lofton and Dean
4. Organization will be headquartered in Chicago and operate under a new brand name; local facilities will keep existing brands
5. The systems collectively spend roughly $4.7 billion on charity care, community benefit and unpaid cost of gov. programs
6. The organizations have variety of clinical partnerships and initiatives spanning telehealth, microhospitals and precision medicine programs
7. Proposed deal approved by Dignity and CHI boards; close of transaction expected during second half of 2018

Source: Becker's Hospital Review: CHI, Dignity Health to merge into $28.4B nonprofit system: 7 takeaways
Source URL: https://www.beckershospitalreview.com/hospital-transactions-...

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