We look forward to Saint Francis Care joining Trinity Health and working together to better serve people across the region.
Livonia, Mich. (PRWEB) December 17, 2014
Saint Francis Care, Inc. will join Trinity Health, a leading national health system, under the terms of a definitive agreement, the two systems announced today. The organizations will combine strengths in inpatient, outpatient and continuing care settings to better serve patients. Together, they will expand, in New England, Trinity Health's vision of becoming a people-centered health system.
"Our focus on building a people-centered health system fits very well with Saint Francis Care’s strategy, capabilities and commitment to their communities. We look forward to Saint Francis Care joining Trinity Health and working together to better serve people across the region," said Richard J. Gilfillan, M.D., president and CEO, Trinity Health.
The definitive agreement outlines the creation of a non-profit regional health system that includes Saint Francis Care and the Sisters of Providence Health System in Springfield, Mass., already a member of Trinity Health. The new regional health system will embody both organizations' shared commitments to Catholic values and high-quality, high-value health care. Christopher Dadlez, president and CEO, Saint Francis Care will lead the new regional ministry.
"This is an important milestone expanding our ability to work with community physicians and clinicians to deliver outstanding, coordinated care to our patients and communities,” said Dadlez. "Together, we will take progressive, innovative steps on diverse fronts, like this one, to capture opportunities being presented by the revolutionary changes sweeping today’s delivery of health care. Consistent with our legacy of providing high-quality, low-cost clinical care for patients, we will continue to capitalize on initiatives that are leading-edge and sustainable, and to pioneer best-practice protocols."
Daniel P. Moen will continue to serve as president and CEO, Sisters of Providence Health System, and play a significant role in the formation of the new regional system.
“The Sisters of Providence Health System serves thousands of people every year, ensuring they receive the highest quality care and best patient or resident experience possible,” said Moen. “United in a regional ministry with Saint Francis Care, we will expand access to our top-tier, people-centered health system.”
The merger is expected to provide better care coordination for people in New England, as well as provide models that could be shared across the Trinity Health system.
"A strategic partnership with Saint Francis Care enhances our leadership in the Hartford and Springfield regions while bringing some significant population health management expertise into our system," said Scott Nordlund, executive vice president, Growth, Strategy and Innovation, Trinity Health. "We look forward to this merger that will expand services for people and communities in in the region.
One benefit to Saint Francis Care will be Trinity Health's outstanding credit rating, which will significantly improve its access to capital and cost of financing.
"Saint Francis has consistently demonstrated its ability to be progressive in its delivery of world-class care while maintaining its long-standing Catholic tradition of quality and compassionate care," said Dan O’Connell, Chairman of the Board of Directors, Saint Francis Care. "Operating from our position of financial and clinical strength, we have been evaluating how best to position Saint Francis and continue its non-profit status as health care delivery continues to evolve, and we have concluded that this opportunity provides us with the potential to create a powerful, regional presence."
The announcement comes after eight months of discussions and due diligence efforts to create a strategic partnership that would greatly enhance care in New England. The agreement has been approved by the Archdiocese of Hartford, which sponsors Saint Francis Care, and is subject to further approvals required by Canon Law, and to regulatory approvals from state and federal agencies. It is expected to be completed by late 2015.
Once the partnership is complete, Trinity Health will ensure the investment of at least $275 million over the next five years to support the health care needs of the community through capital projects in the new region.
About Trinity Health
Trinity Health is one of the largest multi-institutional Catholic health care delivery systems in the nation. It serves people and communities in 21 states with 86 hospitals, 128 continuing care facilities and home health and hospice programs that provide nearly 2.8 million visits annually. With annual operating revenues of about $13.6 billion and assets of about $19.3 billion, the organization returns almost $900 million to its communities annually in the form of charity care and other community benefit programs. Trinity Health employs about 89,000 people, including 3,300 employed physicians. Committed to those who are poor and underserved in its communities, Trinity Health is known for its focus on the country's aging population. As a single, unified ministry, the organization is the innovator of Senior Emergency Departments, the largest not-for-profit provider of home health care services —ranked by number of visits — in the nation, as well as the nation’s leading provider of PACE (Program of All Inclusive Care for the Elderly) based on the number of available programs. For more information, visit http://www.trinity-health.org. You can also follow @TrinityHealthMI on Twitter.
About Saint Francis Care
Saint Francis Care is an integrated healthcare delivery system established by Saint Francis Hospital and Medical Center, an anchor institution in north central Connecticut since 1897. Licensed for 617 beds and 65 bassinets, it is a major teaching hospital and the largest Catholic hospital in New England. Other major entities of Saint Francis Care include The Mount Sinai Rehabilitation Hospital, the Connecticut Joint Replacement Institute, the Hoffman Heart and Vascular Institute of Connecticut, the Saint Francis/Mount Sinai Regional Cancer Center, the Joyce D. and Andrew J. Mandell Center for Comprehensive Multiple Sclerosis Care and Neuroscience Research, and Saint Francis HealthCare Partners. Johnson Memorial Medical Center, parent organization of Johnson Memorial Hospital, Evergreen Health Care Center, and Home and Community Health Services is also a Saint Francis Care Partner. Saint Francis Care's services are supported by a network of five major Access Centers and eight additional medical office centers sited throughout the region. For more information, visit http://www.stfranciscare.org.
About Sisters of Providence Health System
The Sisters of Providence Health System (SPHS) has established itself as one of the leading providers of health care services in Western Massachusetts. SPHS includes Mercy Medical Center, a 182-bed acute care hospital in Springfield; Providence Behavioral Health Hospital, located in Holyoke and licensed for 126 beds; Weldon Rehabilitation Hospital, a comprehensive hospital-based rehabilitation center on the campus of Mercy Medical Center; Brightside for Families and Children, an outpatient service offering counseling and family support programs; two outpatient substance abuse treatment centers; and Mercy Continuing Care Network that includes skilled nursing facilities, residential care facilities, an adult day health program, Mercy Homecare, Mercy Hospice and Mercy LIFE, a Program of All-inclusive Care for the Elderly. More information about SPHS is available at http://www.mercycares.com.