Presbyterian Healthcare-UnityPoint Health merger moves forward

Presbyterian Healthcare Services and UnityPoint Health have moved one step closer to completing their proposed merger.

The nonprofit health systems signed a definitive agreement March 30, the companies disclosed in filings to the Municipal Securities Rulemaking Board on Thursday. Albuquerque, New Mexico’s Presbyterian Healthcare Services and Des Moines, Iowa-based UnityPoint Health signed an agreement letter of intent march 2 to form an $11 billion system with 48 hospitals in Illinois, Iowa, New Mexico and Wisconsin. The deal will create the new corporate parent company Advocate Arora Health and Atrium Health Merger To form Advocate Health, based in Charlotte, North Carolina.

The companies have not disclosed when they expect the transaction to close. Presbyterian Healthcare Services and UnityPoint did not immediately provide comment.

Presbyterian Healthcare Services and UnityPoint Health are the latest health systems to look out for. cross-state health system And bet on lower costs for administrative expenses in areas such as technology, revenue cycle management and purchasing. proven savings hard to get Other mergers and acquisitions followed.

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