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Presbyterian Healthcare Services and UnityPoint Health announced plans Thursday to merge, creating an organization with roughly $11 billion in annual revenue.
The combined nonprofit organization would have more than 40 hospitals and 40,000 employees.
“As a not-for-profit health system, we must pave a sustainable path forward to continue serving our communities with care and coverage,” Dale Maxwell, president and CEO of Albuquerque, New Mexico-based Presbyterian, said in a news release. “While we’ve done that successfully independently, we know that partnering with like-minded health systems will allow us to accelerate our efforts.”
Des Moines, Iowa-based UnityPoint planned to merge with Sioux Falls, South Dakota-based Sanford Health in 2019, but the deal fell through.
This is a developing story. Check back for updates.
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