The transaction between the two organizations brought them unique merger costs, including high consulting fees and severance payments to employees whose positions were eliminated to cut costs, according to the report. Resurrection has spent $8.1 million on merger costs, and Provena has spent nearly $10.3 million.
According to the report, Resurrection declined to comment on the merger costs, but said the health system is on track to achieve a target of $56 million in savings in 2012.
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