New Mexico-based Presbyterian Healthcare Services and Midwest-based health system UnityPoint Health, which owns Meriter in Madison, have signed a letter of intent to explore the formation of a new health care organization, according to a news release. The proposed health care company would see both systems preserve their brand and continue delivering care locally while collectively achieving administrative efficiencies under a parent organization.
Combined, UnityPoint Health and Presbyterian impact the lives of 4 million patients and members through more than 40 hospital facilities, hundreds of clinics, and health plan operations. The two organizations collectively represent a 40,000-strong workforce including nearly 3,000 physicians and advanced practice clinicians working alongside independent clinicians, educational partners, and colleges.
Goals for exploring the creation of a new health care organization, which would function as a parent company for not-for-profit health systems, include making greater investments in clinical excellence, digital innovation, workforce development, and value-based care while lowering overall administrative costs.
Both systems will now pursue a period of greater evaluation and exploration of next steps toward a definitive agreement and regulatory approvals.
