In a bid to create one of the largest health systems in the United States, Mercy Health has announced a strategic merger with Bon Secours Health System, Catholic health ministry renowned for serving residents across the East Coast. Reportedly, this deal between the two healthcare firms has been forecast to generate a net operating revenue of around USD 8 billion with an operating income of nearly USD 293 million.
Sources cite that this joint unit encompassing 43 hospitals and over 1000 healthcare locations is projected to encounter over 10 million patients spanning seven states in the U.S. Key officials from both the firms have apparently stated that the combined health system setup will run over fifty home health & hospice units along with skilled nursing & assisted living services.
For the record, Mercy is the fourth largest employer in Ohio with an overall manpower of more than 33,500, while Bon Secours, Mercy’s health system partner, with its headquarters situated in Marriottsville encompasses a workforce of around 24,000. Mercy is also the largest health system in Ohio and boasts of 6.8 million patient interactions in 2017 alone. Apparently, firm’s assets are valued at around USD 6.8 billion.
Industry analysts claim that the strategic merger between Mercy and Bon is yet another example of giant hospitals joining hands to expand their patient base. Apparently, both the health systems rank among the best performing Catholic health systems offering excellent medical care services to patients at affordable costs. The new entity, which will create the fifth largest Catholic health system in the U.S., will help in leveraging economies of scale through the team as well as resource combination in the merged unit.
For the record, the merged unit is projected to provide employment to nearly 57,000 personnel, which will include over 2,100 doctors and clinicians.