Catholic Health Initiatives, which owns a 22 percent stake in Dayton’s Premier Health, has been cleared by the Vatican to merge with another large Catholic health system.
CHI and Dignity Health will merge to create the nation’s largest nonprofit hospital company by revenue, according to trade publication ModernHealthcare.
The merger still needs approval from state regulators.
Good Samaritan Hospital’s assets had been owned by CHI, which had a joint-operating agreement with Premer. As of Jan. 1, CHI transferred the hospital’s assets to Premier and CHI received a 22 percent interest in Premier Health.
CHI’s extensive network also includes the St. Leonard Living Community in Centerville.
Thank you for reading the Dayton Daily News and for supporting local journalism. Subscribers: log in for access to your daily ePaper and premium newsletters.
Thank you for supporting in-depth local journalism with your subscription to the Dayton Daily News. Get more news when you want it with email newsletters just for subscribers. Sign up here.