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Article: Ascension expands in joint deal; Deal to help religious orders consolidate their assets.(Ascension Health, Marian Health System to acquire Via Christi Health System)
- Article from:
- Modern Healthcare
- Article date:
- November 20, 2006
- Author:
CopyrightCOPYRIGHT 2006 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Melanie Evans
The nation's largest Roman Catholic health system will finish 2006 on the verge of getting even bigger.
Ascension Health, a St. Louis-based not-for-profit with 67 acute-care hospitals, said it will become half-owner of Via Christi Health System, a four-hospital Catholic system in Wichita, Kan., in a complicated arrangement unveiled last week. The deal, which involves no cash and is expected to close in early 2007, will make Ascension and Marian Health System, Tulsa, Okla., joint owners of Via Christi.
Ascension also is in talks to acquire by July 1, 2007, Eastern Health System in Birmingham, Ala., where Ascension already ...