Providence may merge with Ascension to design a huge hospital network

Two Huge Hospital Operators, Ascension and Providence St. Joseph, In Merger Talks

Joseph Health and Ascension Health are discussing a merger that would create the largest hospital system in the USA, news reports said. Both the firms have hospitals in Washington as well as Texas.

The talks are being reported by the Wall Street Journal, but no deal is imminent. Now the largest US hospital operator is the for-profit Hospital Corp. of America, based in Nashville, which posted about $41.5 billion in revenues past year.

The combined system, which is not-for-profit, would dethrone the largest pure operators of hospitals in the country, Hospital Corporation of America or HCA, which runs 177 hospitals and had annual revenue of more than $41.5 billion during 2016.

Joseph merged with Ascension, it could turn up more merger talks in a healthcare industry already being rocked by merger news.

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The newspaper adds that Ascension and Providence St. Joseph have been in talks for months and that a deal is far from assured.

Ascension and Providence St. Joseph Health, both nonprofits, are talking about combining, according to people familiar with the discussions...

Last week, two massive mergers formed three days apart: UnitedHealth Group announced the acquisition of DaVita Medical Group, a physician and clinic network, for $4.9 billion on Wednesday. The remaining 40% of hospitals in the USA are for-profits or government-owned. Larger scale also aids in hospital systems ability to negotiate better pricing with insurers.

Dignity Health and Catholic Health Initiatives are merging, which brings together over 139 hospitals and revenue that together reaches $28.4 billion annually.

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