Issue link: https://beckershealthcare.uberflip.com/i/1482786
30 CEO / STRATEGY West Virginia health systems merge By Ayla Ellison M organtown, W.Va.-based Mon Health System and Charleston, W.Va.-based CAMC Health System have created a single new system named Vandalia Health. The leaders of Mon Health and CAMC Health said the merger will expand access to high-quality, affordable healthcare. "Our decades of high quality, nationally recognized programs and services are now brought together to continue our efforts to reduce costs, enhance access and improve outcomes for the communities we serve," CAMC Health President and CEO David Ramsey said Sept. 1. "We will continue our legacy of service and renowned care delivery as a collaborative system of care." The deal closed less than six months after the health systems signed a letter of intent to merge. n Trinity Health's mega deal: 5 things to know By Ayla Ellison T rinity Health is the sole owner of MercyOne Health System after acquiring CommonSpirit Health's share of the Iowa-based health system. Five things to know: 1. Livonia, Mich.-based Trinity Health completed the acquisition of MercyOne in September, about five months after entering into an agreement with Chicago- based CommonSpirit Health. 2. The transaction was one of the megadeals announced in the second quarter of this year, according to Kaufman Hall, which defines a mega transaction as one in which the smaller party or seller has annual revenues of more than $1 billion. 3. MercyOne, which was founded in 1998 through a collaboration between Catholic Health Initiatives, now CommonSpirit, and Trinity Health, has annual revenues of $3 billion, according to Kaufman Hall. 4. Trinity Health CEO Mike Slubowski identified several benefits of the transaction. "With MercyOne now fully part of Trinity Health, we are a stronger and more unified system that will strengthen MercyOne's ability to serve our patients, colleagues, and communities," he said. 5. MercyOne includes 18 medical centers, 23 affiliated hospitals and more than 2,000 physicians and advanced practice clinicians. Operating as part of Trinity Health, MercyOne will retain its name and brand. n Illinois delays Atrium, Advocate Aurora merger By Molly Gamble T he Illinois Health Facilities and Services Review Board voted Sept. 13 to postpone a vote on the change of ownership for 10 Advocate Aurora facilities in the state covered by the system's plan to merge with Charlotte, N.C.-based Atrium Health. Atrium and Advocate Aurora, dually headquartered in Milwaukee and Downers Grove, Ill., announced plans to merge into a 67-hospital system with upward of $27 billion in revenue in May. e combined system would be headquartered in Charlotte and have footprints in Illinois, Wisconsin, North Carolina, South Carolina, Georgia and Alabama. e new corporate entity will be named Advocate Health, with each system continuing to use its respective brand in its respective local markets. e Illinois Health Facilities and Services Review Board first voted 3-2 not to approve the applications for the change of ownership for Advocate Aurora's nine hospitals and one ASC in Illinois. Later voting at the same meeting, the board moved to reconsider the vote, which could happen at the next meeting in December or possibly earlier, a board member told the Chicago Tribune. e vote is needed since the affiliation is considered a change of 50 percent or more of the voting members of a nonprofit corporation's board of directors that controls a healthcare facility's operation, license, certification or physical plant and assets. Advocate Health's board of directors will be made up of an equal number of members from Advocate Aurora and Atrium Health. Board members' concerns stemmed from the availability of information and their understanding about the deal, the Chicago Tribune reported. Advocate Aurora shared the following statement with Becker's on the board meeting outcome: "State statute requires the Review Board to approve all Certificate of Exemption applications that staff have deemed complete. Our application was deemed complete [in August], thus, we were surprised by today's delay and will work with the Review Board to address their questions. Please know we continue to work with other appropriate regulators and remain confident our combination is still on track to close by the end of the year." Atrium shared the following statement with Becker's: "ere are a number of regulatory bodies that have asked for information to review related to Atrium Health's proposed strategic combination with Advocate Aurora Health. e board in Illinois has indicated it wants to see additional information, and we will continue to share appropriate information." n e board moved to reconsider the vote, which could happen at the next meeting in December or possibly earlier.