Catholic Health Initiatives

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Catholic Health Initiatives
Websitewww.catholichealthinitiatives.org

Catholic Health Initiatives (CHI) was a national Catholic

United States' largest healthcare systems.[citation needed] In February 2019, CHI merged with Dignity Health, forming CommonSpirit Health
.

History

Founding

CHI began operations in 1996.

Cincinnati, Ohio.[2][4]

Expansion

In September 1997, the Sisters of Charity of Nazareth Health System in

Texas Heart Institute, Texas Children's Hospital, and MD Anderson Cancer Center.[6] On April 1, 2014, Mercy Health of Hot Springs, Arkansas signed a definitive agreement to transfer ownership of Mercy Hot Springs hospital and medical group to CHI St. Vincent.[7] In June 2014, CHI St. Luke's Health Memorial of Lufkin, Texas joined CHI. In October 2014, CHI St. Alexius Health of Bismarck, North Dakota becomes a direct affiliate of CHI, adding St. Alexius Medical Center and two critical access hospitals to the system. In November 2014, Sylvania Franciscan Health becomes part of CHI, adding St. Joseph Health System in the Brazos Valley region of Texas; Franciscan Living Communities in Kentucky and Ohio; and three hospitals in eastern Ohio to the system In January 2016, Brazosport Regional Health System in Lake Jackson, Texas joins CHI St. Luke's Health, Houston. In December 2017, Dignity Health and CHI announce a definitive agreement to merge.[8][9]

CHI has expanded since 2011, entering new states and expanding in existing ones.[10] CHI also acquired the health insurer QualChoice, but was unsuccessful in its ownership; QualChoice is currently for sale.[11]

2019 merger

In 2018, Dignity Health and Catholic Health Initiatives received a merger approval from the Catholic Church, through the Vatican. Merged on February 1, 2019, as CommonSpirit Health, the new company formed as the largest Catholic health system,[12] and the second-largest nonprofit hospital chain, in the United States.[13]

In January 2019, the KentuckyOne Health system decided to transition to the legacy of the Sisters of Charity of Nazareth, Lexington's first hospital.[14] Focusing on central and southern Kentucky, it is one of the largest health organizations in the Commonwealth of Kentucky. KentuckyOne Health system hospitals and clinics in the Louisville area was later purchased by the University of Louisville's UofL Health.[15][16]

Operations

Colorado-based CHI is one of the nation's largest health systems, operating in 18 states and comprising 104 hospitals,[17] including four academic health centers and major teaching hospitals and 30 critical-access facilities; community health-services organizations; accredited nursing colleges; home-health agencies; and other facilities that span the inpatient and outpatient continuum of care.

In fiscal year 2014, CHI provided $910 million in charity care and community benefit - a nearly 20% increase over the previous year - for programs and services for the poor, free clinics, education and research. Charity care and community benefit totaled more than $1.7 billion with the inclusion of the unpaid costs of Medicare. The health system, which generated revenues of almost $3.9 billion (FY 2018), has total assets of $5.1 billion.

Shareholder activism

CHI practices

Stoneman Douglas High School shooting, in example; Catholic Health Initiatives was the lead filer, co-filing with the Adrian Dominican Sisters, of a shareholder resolution asking firearms manufacturer Sturm, Ruger & Co. to report to investors regarding the steps they are taking to reduce gun violence. Ruger opposed the resolution. BlackRock, the world's largest asset manager and Ruger's largest investor, as well as Institutional Shareholder Services and Glass Lewis, the two most important shareholder advisory firms in the United States, supported the resolution. At Ruger's annual meeting on May 9, 2018, 69 percent of shareholders voted in favor and Ruger agreed to heed the resolution. The Brady Campaign to Prevent Gun Violence called the vote a "first-of-its-kind victory."[18][19][20][21][22][23]

Controversy

In January 2013, the hospital's defense lawyers provoked controversy when they defended against a

John Paul II.[24] When the case was submitted to the three bishops of Colorado for review, they issued a joint statement which reiterated their commitment to defending human dignity against attacks.[25][clarification needed
]

Divisions

See also

  • CHI Health Center Omaha, an indoor arena in Omaha named through a sponsorship deal with this company's CHI Health subsidiary

References

  1. ^ "National Leadership". Catholic Health Initiatives. Catholic Health Initiatives. Archived from the original on 5 April 2018. Retrieved 28 March 2018.
  2. ^ a b Salganik, M. William (15 March 1998). "Catholic hospital chains are growing the fastest Nonchurch institutions that merge with them usually ban abortions; Health care". The Baltimore Sun. Archived from the original on 2021-06-21. Retrieved 2020-08-10.
  3. ^ Svaldi, Aldo (2017-12-08). "Dignity Health merging with Colorado's Catholic Health Initiatives". Daily Democrat. Archived from the original on 2017-12-09. Retrieved 2020-08-10.
  4. ^ a b Benmour, Eric (8 September 1997). "Caritas Health Services parent merges with Colorado group". Louisville Business First.
  5. ^ Blesch, Gregg (3 October 2010). "CHI completes acquisition of Consolidated Health Services". Modern Healthcare. Retrieved 2020-08-10.
  6. ^ a b Raji, Bayan (31 May 2013). "St. Luke's sale a 'done deal'". Houston Business Journal. Archived from the original on 2013-10-20.
  7. ^ "Mercy Hot Springs hospital now St. Vincent Hot Springs".
  8. ^ Philip Betbeze (2017-12-07). "Catholic Health Initiatives and Dignity Health to Merge". Health Leaders Media. Retrieved 2018-03-07.
  9. ^ "Our History". Retrieved 2018-03-07.
  10. ^ Melanie Evans (2014-12-20). "CHI's financial results show its growth comes with costs beyond the price of buying". Modern Healthcare. Retrieved 2016-11-05.
  11. ^ Bob Herman. "Catholic Health Initiatives to divest health plan operations". Modern Healthcare. Retrieved 2016-11-06.
  12. ^ "Record Merger Creates Nation’s Largest Nonprofit Catholic Healthcare Company" by Steve Dubb; Nonprofit Quarterly; February 6, 2019; accessed December 29, 2019.
  13. ^ "The steep challenge facing Chicago's newest health care giant". Crain's Chicago Business. 2019-05-03. Retrieved 2020-08-10.
  14. ^ a b "KentuckyOne Health is now CHI Saint Joseph Health in Central, Eastern Kentucky". www.chisaintjosephhealth.org. Retrieved 2021-04-21.
  15. ^ "About Us". UofL Health. Retrieved 2021-04-21.
  16. ^ "About Us". www.chisaintjosephhealth.org. Retrieved 2021-04-21.
  17. ^ Initiatives, Catholic Health. "Annual report". National.
  18. ^ Hsu, Tiffany (May 9, 2018). "Sturm Ruger Shareholders Adopt Measure Backed by Gun Safety Activists". The New York Times. Retrieved April 4, 2019.
  19. ^ "Shareholders Force Gun Company to Prepare Report on the Risks of Selling Guns". Bloomberg News. May 9, 2018. Retrieved April 4, 2019.
  20. ^ Kerber, Ross (September 25, 2018). "Investors at Smith & Wesson parent support call for gun safety report". Reuters. Retrieved April 4, 2019.
  21. ^ Meyer, David (September 26, 2018). "Nuns vs. Guns: How These Sisters Took on Smith & Wesson—And Won". Fortune. Retrieved April 4, 2019.
  22. Barron's
    . Retrieved April 4, 2019.
  23. ^ Whyte, Amy (August 20, 2018). "These Churches Buy Shares in Gun Companies. Their Goal: Confront Them". Institutional Investor. Retrieved April 4, 2019.
  24. ^ Tomasic, John (23 January 2013). "In malpractice case, Catholic hospital argues fetuses aren't people". The Colorado Independent. Retrieved 24 January 2013.
  25. ^ "Bishops to review handling of wrongful death suit against Catholic hospital". www.catholicnews.com. Archived from the original on May 16, 2018.
  26. ^ "VNA Health at Home". www.chisaintjosephhealth.org. Retrieved 2021-04-21.
  27. ^ "Service Areas". www.chihealthathome.com. Retrieved 2021-04-21.
  28. ^ "Saint Joseph Hospital". Kentucky Historic Institutions. 2017-06-20. Retrieved 2021-04-21.
  29. ^ a b "Women's Hospital at Saint Joseph East". www.chisaintjosephhealth.org. Retrieved 2021-04-21.
  30. ^ "Long-term Acute Care". www.chisaintjosephhealth.org. Retrieved 2021-04-21.
  31. ^ Mills, Carol. "Marymount Medical Center changes name". The Sentinel-Echo. Retrieved 2021-04-21.
  32. ^ "Saint Joseph Mount Sterling". www.chisaintjosephhealth.org. Retrieved 2021-04-21.
  33. ^ "Flaget Memorial Hospital". www.chisaintjosephhealth.org. Retrieved 2021-04-21.
  34. ^ Olberding, Matt. "Catholic Health Initiatives rebrands Nebraska facilities". JournalStar.com. Retrieved 2020-08-10.
  35. ^ Campbell, Megan (2021-01-05). "Virginia Mason, CHI Franciscan finalize merger". Puget Sound Business Journal. Retrieved 2022-07-15.

External links

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