Baptist finds a partner; St. Mary's deal would yield Covenant-size system.(The Week in Healthcare)(mergers and accquisition of Baptist Health System and St. Mary's Health System )

Modern Healthcare, September, 2007 by Galloro, Vince

Byline: Vince Galloro

After considering two for-profit hospital companies as a possible partner, Baptist Health System of East Tennessee plans to remain in the not-for-profit Knoxville family.

Baptist and St. Mary's Health System announced last week that they have signed a letter of intent to merge the two systems. The proposed merger would make a system of roughly the same size as the largest adult acute-care system in Knoxville, Covenant Health, said Janice James, interim chief executive officer of Baptist. Baptist has four hospitals in the Knoxville area and St. Mary's, which is also part of Cincinnati-based Catholic Healthcare Partners, operates four hospitals there. The combined system, which will be owned by Catholic Healthcare Partners, is...

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