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Catholic Health Partners Subsidiary, River Valley Health Partners to Merge

Humility of Mary Health Partners, a three-hospital system based in Youngstown, Ohio, and River Valley Health Partners in East Liverpool, Ohio, have signed a letter of intent to merge.

RVHP, which operates East Liverpool City Hospital, has been searching for a partner for several months. The secular RVHP chose HMHP, which is a subsidiary of Cincinnati-based Catholic Health Partners, due to the organization's core values and financial stability.

Pete Wicks, board of trustees chair for RVHP, said although the hospital does not have a religious sponsor, officials are "committed to sharing and managing the [operational] changes as effectively as possible," according to a news release.

Both parties will now conduct due diligence, with the hopes of signing a definitive merger deal by this summer.

In October, East Liverpool City Hospital reduced its workforce through early retirement packages and administrative cuts in an effort to reduce operating costs.

More Articles on Hospital Transactions:
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University of Maryland, Union Hospital Sign 2-Year Management Agreement

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