Loyola University Chicago and Trinity Health of Novi, Mich., have announced plans to consolidate Trinity and the university’s wholly-owned subsidiary, the Loyola University Health System.
"After a number of conversations with both local and national Catholic healthcare systems, LUC determined a partnership with Trinity Health provides the greatest opportunity to invest in and grow the Loyola University Health System while securing the future of the University's Stritch School of Medicine and Marcella Niehoff School of Nursing," said Michael J. Garanzini, SJ, president of Loyola University Chicago, in a statement.
"This is a natural collaboration that is occurring at a pivotal point in our history. When Trinity Health's resources are combined with Loyola's renowned physicians and intellectual capital, our plan for growth in patient care, education and research take a giant leap forward," added Paul K. Whelton, MB, MD, MSc, president and chief executive officer of LUHS and senior vice president for health sciences at LUC.
[See related stories: Trinity named one of top 10 U.S. health systems; LUHS named one of top 100 hospitals for cardiovascular care]
Trinity Health is the fourth largest Catholic health system in the nation, employing more than 48,000 people and with operating revenue of more than $7.1 billion. LUHS, a Jesuit academic medical center, has 28 facilities, including Cardinal Bernardin Cancer Center, the Ronald McDonald Children's Hospital of Loyola, a burn/trauma center, a heart and vascular medicine center and Gottlieb Memorial Hospital.
The organizations are filing for regulatory approvals, drafting a definitive agreement and seeking board approval from both Trinity Health and LUC.