![]() ![]() “Forming or joining health systems enables hospitals to take advantage of economies of scale and ease the burden of systemic challenges and risks that cause financial strain.” “For hospitals to be able to continue to meet the needs of their communities, they need financial sustainability, which is very much at risk for many hospitals throughout the state and nationally,” Migdail said. ![]() Most hospitals in Pennsylvania - 85% as of this year - are part of health systems. Hospital mergers and the creation of health systems have both become more common over the past decade, said Liam Migdail, spokesman for the Hospital and Healthsystem Association of Pennsylvania. “There’s no money being exchanged and no purchasing of a system.” “We think it’s important that the merger is where we brought both of the organizations together,” he said. Sphon emphasized that the merger is not a situation of one organization acquiring another. We are most excited regarding the possibilities that are now before us.” Paul Bacharach and Tim Morgus, the board chairs of Excela and Butler respectively, issued this joint statement: “Our boards approached the merger as an opportunity to affect real and meaningful change in the landscape of health care in western Pennsylvania. With about 4,800 employees, Excela is the top private employer in the county - more than double United Parcel Service’s 1,500 workers and Polyconcept North America’s 1,200 employees, according to the county’s website.īutler Health System has more than 70 outpatient locations, employs 3,000 people and includes 270 providers, making it the largest employer in Butler County and the largest health care employer in Clarion County. Pleasant, Latrobe Hospital in Latrobe and its flagship Westmoreland Hospital in Greensburg - with the two Butler Health System hospitals - Butler Memorial Hospital in Butler and Clarion Hospital in Monroe Township, Clarion County. The yet-to-be-named health system would bring together Excela’s three locations - Frick Hospital in Mt. “Our commitment to our patients in providing high-quality, low-cost sophisticated care in our region will be the cornerstone of the new entity,” DeFurio said. “We think that being together will help us attract additional physicians in additional areas.”īutler Health System President and CEO Ken DeFurio called it “a major step forward in the process to redefine locally controlled, community-based care,” in a statement. ![]() “If you look at each of our organizations individually, we felt that we were better together than apart,” he said. Sphon expects the merger will add resources to both regions and help to attract new staff members. We are now one step closer in realizing a goal that will have a dramatic and positive impact on health care for those we serve,” said John Sphon, Excela Health CEO, in a statement. “This is a very important development for our respective organizations and the proposed new system. When combined, the system is expected to employ 7,300 people and have more than 1,000 physicians and practitioners to serve about 750,000 people in Butler, Clarion and Westmoreland counties. The agreement announced Friday means they will move ahead with the state and federal regulatory approvals, which are expected to be completed by the end of the year. ![]() The two networks signed a letter of intent to merge on June 1. Sources: Excela Health, Butler Health System, UPMC, Allegheny Health NetworkĮxcela Health and Butler Health System completed another step toward becoming one by entering into a definitive merger agreement, moving forward with a plan expected to generate more than $1 billion in revenue. Number of facilities: 14 hospitals and more than 200 primary and specialty care practices at more than 300 locations.Īnnual revenue: $154 million for the year ending Dec. Number of facilities: 40 hospitals, 800 doctor's offices and outpatient sites, 28 senior communitiesĪnnual revenue: $24 billion in operating revenue in 2021Įmployees: 2,600 physicians and more than 21,000 employees Operating income: Reported an operating loss of $8.2 million during the same period.Įmployees: 4,900 employed doctors, 92,000 staff members Number of facilities: Two hospitals: Butler Memorial and Clarion, 72 outpatient locationsĪnnual revenue: $405.1 million in operating revenue in the third quarter of fiscal year 2022 Operating income: Saw an operating loss of $10.5 million, for the same period.Įmployees: More than 3,000 employees, 270 providers Employees: 700 physicians, more than 4,800 employees and 797 volunteersĪnnual revenue: $500.1 million in operating revenues for the nine months ending March 31 ![]()
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