CommonSpirit Well being’s Trinity Well being System and UPMC have signed a non-binding letter intent to pursue integration, the programs introduced Wednesday.
The proposed deal would merge Trinity’s three-hospital system — in addition to its pressing care, behavioral well being and doctor workplace amenities — into UPMC’s community. The merger would provide UPMC an entrance into the Ohio market, the place Trinity hospitals are positioned.
Monetary phrases and situations of the proposed integration weren’t disclosed within the information launch.
The announcement follows reviews of merger talks between the 2 well being programs, which have been first reported final month by the Pittsburgh Submit-Gazette.
“Trinity Well being System and UPMC leaders hope to finish the affiliation as quickly as potential,” the programs stated Wednesday.
Any deal can be topic to customary regulatory assessment and approvals.
The deal announcement comes as CommonSpirit seems to be to focus extra closely on its ambulatory care enterprise.
CommonSpirit, which operates 138 hospitals nationwide, recorded a $225 million loss in its fiscal 12 months ended June 30. The system stated it deliberate to concentrate on enhancing income and environment friendly service strains to get forward of mounting headwinds and to enhance working efficiency.
In the meantime, UPMC, which operates greater than 40 hospitals, reported $349 million in working earnings over the six-month interval ended June 30.
