Essentia Health and CommonSpirit Health have signed a Letter of Intent to explore the sale of 14 CommonSpirit-owned facilities operating under the CHI brand in North Dakota and Minnesota. The arrangement includes CHI St. Alexius Medical Center in Bismarck, a full-service tertiary hospital, and 13 critical access hospitals, along with associated clinics and living communities currently operated by CommonSpirit and CHI Health at Home home-health and hospice provider organizations.
Signing a Letter of Intent is the first step in the process of reaching a formal agreement to transfer ownership of these facilities. It is the hope of both organizations that the due-diligence process moves forward smoothly, so the CHI facilities could join Essentia by summer 2021. Leaders from Essentia and CommonSpirit look forward to continuing their strategic discussions, building on their mutually held commitment to the health and vitality of this region.
Essentia Health is an integrated health system serving consumers in Minnesota, North Dakota, and Wisconsin. The organization operates 14 hospitals, 71 clinics, six long-term-care facilities, three assisted living facilities, three independent living facilities, five ambulance services, and one research institute. Essentia Health is accredited as an Accountable Care Organization by the National Committee for Quality Assurance.
Non-profit CommonSpirit was formed in 2019 when Catholic Health Initiatives (CHI) combined with Dignity Health. It operates 139 hospitals and more than 1,000 care sites across 21 states. In fiscal year 2020, CommonSpirit had combined revenues of nearly $29.6 billion and provided $4.6 billion in charity care, community benefit, and unreimbursed government programs.
This was reported by Essentia Health on January 8, 2021.
Contact information: Louie St. George III, Media Relations Manager, CHI Health Marketing and Communications, Essentia Health, 502 E. Second Street, Duluth, Minnesota 55805; 218-428-1781; Email: Louie.StGeorge@EssentiaHealth.org; Website: https://www.essentiahealth.org/
Contact information: Mary Williams, Public Relations Director, CHI Health Marketing and Communications, CommonSpirit Health, 444 W. Lake St Ste. 2500, Chicago, Il 60606-0097; 402-343-4514; Email: Mary.Williams2@alegent.org; Website: https://commonspirit.org/