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Bjc Healthcare

All articles tagged with #bjc healthcare

healthcare2 years ago

BJC Healthcare and St. Luke's Health System Officially Merge

BJC Healthcare and St. Luke's Health System have announced a definitive agreement to merge and form an integrated Missouri-based health system, with the transaction expected to close in early 2024. The merger aims to improve access, affordability, and the quality of care for patients by offering advanced and innovative models of care. The combined entity will have around $10 billion in revenue and 28 hospitals, serving as a premier destination for world-class medicine, clinical breakthroughs, and innovative care delivery. The integration will increase capacity in medical advancement, attract top talent, and expedite medical innovation.

via KTVI Fox 2 St. Louis|
#bjc-healthcare#healthcare#integrated-health-system
healthcare2 years ago

Potential Merger of BJC and St. Luke's Hospitals Raises Concerns Over Cost for Missourians

The planned merger of BJC HealthCare and Saint Luke’s Health System is expected to create a clear market leader in Missouri, which could lead to higher hospital prices for consumers. Health economists say there is clear evidence that hospital mergers lead to higher prices, which trickle down to consumers. The merger is likely a play to give the combined system greater leverage in its negotiations with employers and insurers in Missouri. The hospitals’ financials indicate that both systems have taken a hit to their profits, and the merger is seen as a way to bring in more revenue and efficiencies.

via St. Louis Post-Dispatch|
#bjc-healthcare#healthcare#healthcare-pricing
healthcare2 years ago

"Potential $10 Billion Merger Between BJC and St. Luke's Could Spark More Healthcare Consolidation"

BJC HealthCare's plan to merge with St. Luke's Health System would create one of the largest hospital systems in the area, with over two dozen hospitals in three states. The merger comes as hospitals increasingly look to grow through consolidation. The combined organization would have more leverage in negotiations with insurers, more purchasing power for supplies, and a network to lean on during staffing shortages. The health systems have yet to work out the details and plan to have a definitive agreement by the end of the year.

via St. Louis Post-Dispatch|
#bjc-healthcare#consolidation#healthcare
healthcare2 years ago

BJC Healthcare and St. Luke's Health System to Merge and Form Integrated Health System.

BJC HealthCare and Saint Luke’s Health System have announced plans to merge assets to create an integrated Missouri-based healthcare system, aiming to improve access, affordability, and quality of care across the state. The merger is expected to expand patient access to healthcare services, increase access to tools and technology for healthcare teams, and address healthcare disparities in local communities. The hospitals hope to come to a definitive agreement by the end of 2023, with dual headquarters in St. Louis and Kansas City and keeping their current names.

via KMOV4|
#bjc-healthcare#healthcare#healthcare-merger
healthcare2 years ago

Missouri's BJC Healthcare and St. Luke's Health System to Merge

BJC Healthcare and St. Luke's Health System have signed a non-binding letter of intent to merge and form an integrated Missouri-based health system, with hopes to expand healthcare access in Missouri and reach more than six million patients. The merger aims to offer advanced, emerging, and innovative models of care to improve access, affordability, and quality of care offered to patients. Both organizations are working toward reaching a definitive merger agreement in the upcoming months.

via KTVI Fox 2 St. Louis|
#bjc-healthcare#healthcare#healthcare-merger
healthcare2 years ago

BJC HealthCare and St. Luke's to Merge in Missouri-based Health System

BJC HealthCare and St. Luke's Health System have announced plans to merge, with both systems keeping their own names and operating from dual headquarters. The combined health systems will have an even stronger financial foundation, according to BJC's CEO. The deal is expected to close by the end of the year, pending regulatory approval. The merger follows the trend of consolidation in the healthcare industry, as hospitals and insurers alike grow larger to gain advantage in negotiations.

via St. Louis Post-Dispatch|
#bjc-healthcare#financial-foundation#healthcare