Louis, Missouri, operates 139 hospitals in 19 states.ĭr. These disruptions have contributed to higher operating costs, coupled with revenue challenges, especially in the first half of the fiscal year.Īscension, based in St. The health system said that the results demonstrate its operations and volumes have been impacted by and are stabilizing from the volatility and operational disruptions of the prolonged pandemic amid broader inflationary and recessionary pressures within the U.S. In September, Ascension released financial results for the year ended June 30, reporting a net loss of $2.66 billion. The organizations are in the process of submitting the agreement to state and federal regulatory agencies for review. The joint venture is also designed to expand opportunities for healthcare providers, including significantly enhanced patient-centered care delivery models and improved care coordination through interconnectivity between patients, providers and care management functions. The combined organization would provide expanded career pathways and increased opportunities for career development and advancement at more sites and in more areas, as well as amplifying the capabilities of Henry Ford Health and Ascension Michigan to attract and grow top talent. This expanded care network would create greater opportunities to coordinate, grow, and adapt services and care settings to meet consumer needs in the new, post-pandemic normal by expanding access to care, lowering costs and improving health outcomes, Henry Ford Health said. The integrated network would focus on population health and community initiatives, as well as innovation, academic medicine and advanced complex care. The organizations said they hope to close the transaction by summer 2024. Conversations on the future state of the Catholic identity of these facilities are ongoing. The health systems are committed to working to maintain the Catholic identity of the Ascension Michigan facilities included in the partnership, Henry Ford said. Mary's Hospital and Ascension Standish Hospital – will remain members of Ascension's national health ministry. John Hospital.Īll the acute care hospitals' related sites of care will also be included, as well as Ascension Brighton Center for Recovery.Īll of Henry Ford's acute care hospitals and other care facilities and assets, including Health Alliance Plan, will be included in the partnership.Īscension Michigan's southwest and northern hospitals – Ascension Borgess Hospital, Ascension Borgess Allegan Hospital Ascension Borgess-Lee Hospital, Ascension Borgess-Pipp Hospital Ascension St. The combined organization would employ approximately 50,000 staff at more than 550 sites of care across the region.Īscension Michigan's acute care hospitals that are included in the partnership are: Ascension Genesys Hospital Ascension Macomb-Oakland Hospital, Warren and Madison Heights Campuses Ascension Providence Hospital, Novi and Southfield Campuses Ascension Providence Rochester Hospital Ascension River District Hospital and Ascension St. It would be led by Henry Ford Health president and CEO Bob Riney and governed by a board of directors representative of both organizations. The expanded organization, to be branded Henry Ford Health, would remain headquartered in Detroit. Henry Ford Health and Ascension Michigan have signed an agreement to integrate Ascension's southeast Michigan and Genesys healthcare facilities and assets with Henry Ford's. Photo: Riva Sayegh-McCullen/Courtesy Henry Ford Health
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