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Merger creates $2.4B health system with hospitals in New York, Connecticut

LaGrangeville, N.Y.-based Health Quest and Danbury-based Western Connecticut Health Network have combined to form a new nonprofit health system called Nuvance Health.

Five things to know:

1. The health systems completed the deal more than a year after formally agreeing to merge.

2. Nuvance Health includes seven hospitals and has more than 12,000 employees. The nonprofit system's projected annual revenues are $2.4 billion.

3. Nuvance Health, derived from a combination of the words "new" and "advance," will unveil a new logo in coming weeks.

4. John M. Murphy, MD, is the CEO of Nuvance Health. He previously served as president and CEO of Western Connecticut Health Network. Robert Friedberg, who was president and CEO of Health Quest, is president of the combined system.

5. Regarding the merger, Mr. Friedberg said: "By coming together, we will bring our communities more healthcare options through new programs and services, especially to help prevent disease and effectively manage chronic conditions. Our communities will also benefit from having greater access to specialists and the latest treatments, conveniently within one health system and close to home."

More articles on healthcare industry transactions:

U of Louisville prolongs search for Jewish Hospital partner
Western Maryland Health System, UPMC to pursue merger
CHS to sell Tennessee hospital

 

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