Catholic Health Initiatives CEO Kevin Lofton and Dignity Health CEO Lloyd Dean. The two now share the role of CommonSpirit CEO. PRESS RELEASE

Catholic group with ownership stake in Premier completes mega-merger

Catholic Health Initiatives, which owns a 22 percent stake in Dayton-based Premier Health, has completed its merger with Dignity Health.

The newly merged system is called CommonSpirit Health and is a 700 location health network spanning 21 states, which had a combined revenue of $29.2 billion in fiscal year 2018, according to a press release.

Good Samaritan Hospital’s assets had been owned by Catholic Health Initiatives, which had a joint-operating agreement with Premier. As of Jan. 1 2018, Catholic Health Initiatives transferred the hospital’s assets to Premier and received a 22 percent interest in Premier. Good Samaritan closed in July.

CommonSpirit also owns St. Leonard Living Community in Centerville.