This past February it was announced that Bon Secours was merging with Mercy Health, another Catholic hospital system serving Ohio and Kentucky. The merger will mean that the new ministry will be the fifth largest Catholic healthcare system in the United States. The merger is expected to be completed by the end of the year. How will the merger affect Bon Secours’ interests in the East End?
This merger strengthens our shared commitment to improve population health, eliminate health disparities, build strength to address social determinants of health, and invest heavily in innovating our approaches to health care. — Bon Secours CEO Richard Statuto
Who is Mercy Health?
According to their site, “We are one ministry serving seven regions in Ohio and Kentucky, pursuing one Mission to improve the health of our communities, emphasizing people who are poor and under-served. Together, our passion is to make lives better and make healthcare easier.”
Is Mercy Health/Bon Secours in financial trouble?
Unlike some mergers, both entities are financially well-positioned and highly respected in their respective markets. FY 2017 result for both operations were very strong. The combined total revenue for Bon Secours and Mercy Health is $8 billion with a 3.6% operating margin.
What will be the name of the new system?
As we continue to work through details of the merger, we will look at branding (including name, logo, etc.) through the lens of the consumer as we determine positioning that continues to attract new patients while clearly leveraging our rich Catholic heritage and the heritage of both Mercy Health and Bon Secours.
So what does this mean for Church Hill and the East End?
Several non-profits may be directly affected by this merger. Besides the potential name change for the Bon Secours Community Hospital we have been told that “as decisions are made we will get more information”. Both Mercy Health and Bon Secours are committed to their vision of serving the most vulnerable, so hopefully, that applies to several non-profits that benefit from Bon Secours’ philanthropy, including the SEED grants.
We’ll stay on top of this story as it develops.