Iowa-based UnityPoint Well being, which owns Meriter Hospital in Madison, on Thursday introduced a plan to merge with New Mexico-based Presbyterian Healthcare Companies.
UnityPoint Well being, which acquired Meriter Heath Companies in 2014, has 20 hospitals, all in Iowa or Illinois aside from Meriter. Presbyterian Healthcare Companies has 9 hospitals in New Mexico.
The nonprofit organizations have signed a letter of intent “to discover the formation of a brand new well being care group,” they mentioned in a press release. “The proposed well being care firm would see each programs protect their trusted model and proceed delivering care domestically whereas collectively attaining administrative efficiencies underneath a father or mother group.”
Persons are additionally studying…
Objectives embrace making larger investments in scientific excellence, digital innovation, workforce growth and value-based care whereas reducing total administrative prices, they mentioned.
In 2019, UnityPoint Well being explored a merger with South Dakota-based Sanford Well being, which did not materialize. Sandford is now pursuing a merger with Minnesota-based Fairview Well being, a transfer that has been delayed due to issues by the College of Minnesota Medical Heart, a part of Fairview.
In 2017, UnityPoint Well being-Meriter and UW Well being merged their medical health insurance plans and began a joint working settlement, giving them a shared monetary backside line.