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Dignity Health announces merger with Colorado-based Catholic

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News video: Dignity Health announces merger with Colorado-based CatholicDignity Health announces merger with Colorado-based Catholic Health Initiatives

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Dignity Health announces merger with Colorado-based Catholic

repeal net neutrality. ### lauren lauren "dignity health" announced plans today to merge with colorado-based "catholic health initiatives". creating one of the nation's largest not-for-profit hospital systems. boxes action news now reporter mario montalvo joins us from redding with details...mario? reporter live that new hospital system will have a total of 139 hospitals including "mercy medical center redding" where i'm at now as well as mercy medical center mt. shasta and st. elizabeth community hospital in red bluff. pkg san francisco-based dignity health and colorado-based catholic health initiatives announced a merger thirsday, one of the nation's largest nonprofit health systems by revenue. kevin lofton/ceo chi: it's our pleasure to share with you that dignity health have signed a definitive agreement to combine our ministries and build a new catholic health system. thursday's announcement comes after a year of discussions between the two health care organizations. it's a move catholic health initiatives ceo kevin loft says will greatly ability to provide quality healthcare. the new health system would include 139 hospitals across 28 states and a combined revenue of nearly 29 billion dollars with more than 159 thousand employees. lloyd dean/dignity ceo: together, we will have a stronger operational and financial foundation to transform our orginzations and support the people and communities we serve. dignity health operates three hopitals located throughout the north state ...mercy medical center redding, st. elizabeth community hospital in red bluff, and mercy medical center mt. shasta. we representatives to learn what effect, if any, the merger will have on the local hospitals and their employees. but they were unable to comment at this time.

"california nurses assiation", the largest union in the dignity system, says they remain optimistic. they say they just negotiated a four- year contract with dignity health earlier this year, and they're glad to hear no hospitals will be closed as a result of the merger. ### reporter live the merger which is still subject to federal, state and church approval, is expected to go through in the second half of 2018. the new organization whose name will be chosen in the second half of 2018, will be headquartered in chicago. in redding, mario montalvo, action news now.

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