Mount St. Mary’s is currently an affiliate of St. Louis-based Ascension Health. Catholic Health is a joint venture between Ascension, Livonia, Mich.-based CHE Trinity Health and the Diocese of Buffalo. As part of the deal, Mount St. Mary’s will join Catholic Health, but its 250-bed skilled nursing and rehab facility will remain as a solely-operated entity of Ascension.
The transaction requires approval from the boards of Ascension and Catholic Health. If approved, Catholic Health will submit a certificate of need application to the New York State Department of Health. Executives expect the deal will close by 2015.
Mount St. Mary’s and Catholic Health have had a “collaborative services agreement” since 2012. Mount St. Mary’s executives said the hospital will be able to take advantage of Catholic Health’s centralized administrative services and physician recruiting. According to a Buffalo News report, Mount St. Mary’s recorded $1.8 million of profit on about $89 million in revenue in 2012.
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