Livonia, Trinity-based Trinity Health has divested its 49% ownership stake in a joint venture with Emory Healthcare for St. Joseph’s Health System, which includes St. Joseph’s Hospital of Atlanta and John’s Creek Hospital, according to financial documents published Sept. 26.
On March 12, 2025, Trinity Health signed a membership purchase agreement transferring its shares and ending its 49% ownership in the joint venture. Trinity’s investment in the joint venture dropped from $279.2 million as of June 30, 2024, to $0 as of June 30, 2025.
In exchange for the sale, Trinity received $150 million in cash and a $150 million promissory note, which will be repaid quarterly with interest over two years. The first payment of $17.9 million was received on June 30, 2025.
Becker’s has reached out to Trinity and Emory Healthcare for more details and will update this story as more information becomes available.
