Mercy Health, which has a physician’s office and lab in Swanton, has announced a merger.
The Catholic health ministry, which serves Ohio and Kentucky, and Bon Secours Health System, a Catholic health ministry serving residents across the East Coast, announced Thursday their intent to merge, creating one of the largest health systems in the country, spanning seven states in the eastern half of the U.S.
“As consumers grapple with the implications of health care reform in a dynamic marketplace, Mercy Health and Bon Secours share a vision to improve the health of the communities we serve as the low-cost, high-value provider,” said John M. Starcher Jr., Mercy Health president and CEO. “Working together, our strong faith-based heritage fuels our mutual focus to provide efficient and effective health care for each patient who comes through our doors.”
The merger creates the fifth largest Catholic health system in the country, allowing the new entity to leverage economies of scale by integrating resources and teams across the ministries, according to a press release. It went on to say, “This merger creates future opportunity to deepen our commitment to our existing communities and expand the health ministry into complementary service areas across United States. Further alignment of the ministries offers an opportunity within the United States and outside of its borders to bring healing and hope to those most in need.
The merger will create a health system with $8 billion in net operating revenue and $293 million in operating income.
There will be 57,000 associates and more than 2,100 employed physicians and advanced practice clinicians, 43 hospitals. and more than 1,000 care sites.
Also in the area, Mercy Health operates St. Anne and St. Vincent hospitals.
“We are excited about the prospect of two like-minded health systems joining forces to advance our mutual health ministry and improve the health of our communities,” noted Katherine Vestal, chairperson of Mercy Health Board of Trustees. “The synergistic alignment of our mission and values make this merger a natural fit.”
There is no date specified for completion of the merger but it is expected by the end of the calendar year.
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