Catholic Charities Merger to Create Largest Hospital Network

Mukesh Buch
11 Dec, 2017
New York City

Ascension is in talks with Providence St. Joseph to create the largest hospital network with 191 hospitals in 27 states. GGP rejected $14 billion unsolicited offer from Brookfield Property Partners.

[R]11:45 AM New York City, New York – Ascension is in talks with Providence St. Joseph to create the largest hospital network with 191 hospitals in 27 states. GGP rejected $14 billion unsolicited offer from Brookfield Property Partners.[/R]

Tollbooth Index increased 16.61 to 13,773.88.

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Ascension Health and Providence St. Joseph Health, two catholic non-profit healthcare services providers are in merger talks and create the largest hospital network.

The deal will create combined revenues of about $44.8 billion from 191 hospitals in 27 states.

The news was first reported by Reuters.

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