A PYMNTS Company

US: Ascension, Providence St. Joseph no longer exploring merger

By  |  March 28, 2018

Health systems Ascension and Providence St. Joseph have ceased potential merger discussions for now, The Wall Street Journal reported. Last December, the Journal reported the two systems were in merger talks. The deal would have created the largest hospital operator in the country, with 191 hospitals in 27 states.

In February, Ascension and Presence Health signed a definitive agreement for Presence to join Ascension and become part of AMITA Health, a joint venture between Ascension’s Alexian Brothers Health System and Adventist Midwest Health.

The Wall Street Journal stated merger discussions could continue, according to people familiar with the situation. However, if they continue, “it likely won’t be soon,” Melanie Evans reported.

Full Content: Wall Street Journal

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.