The two systems have signed a letter of intent as they look to evaluate the possible merger in more detail and seek regulatory approvals. Such a combined entity would employ over 40,000 people, including approximately 3,000 physicians and advanced practice clinicians.
The purpose of such a merger would be to allow for greater investments in clinical excellence, digital innovation, workforce development and value-based care, the March 2 joint statement said. Overall administrative costs would also be lowered.
Presbyterian Healthcare reported an overall loss of $370.7 million in 2022 as heavy investment declines dragged on its performance. The nine-hospital system has a licensed bed capacity of 1,017 and reported 2022 revenues totaling $5.5 billion.
UnityPoint Health operates 20 regional hospitals in Iowa, Illinois and Wisconsin, as well as 19 community network hospitals.
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
