Clarion Healthcare System (CHS) and Butler Health System (BHS) have announced that they have signed a definitive agreement to integrate CHS and its affiliates, including Clarion Hospital, into Butler Health System. BHS and CHS announced the signing of a letter of intent in February, following the CHS Board’s selection process.
Since then, BHS and CHS have conducted extensive due diligence. Due diligence includes the study of each organization’s assets and liabilities, operations, and financial performance. With due diligence substantially complete and the definitive agreement executed, the proposed transaction will now be sent to regulatory authorities for review and approval; financial terms of the transaction were not disclosed. The authorities include without limitation the Pennsylvania Office of Attorney General and Department of Health.
Both systems believe that by combining their efforts, they can solidify the future of care in their communities, providing high quality, accessible, and affordable services. The proposed transaction will build upon the strengths of CHS and BHS. By working with BHS, CHS will be in a stronger position to make strategic investments in new programs, services, and technology, all of which are important to keeping quality care close to home.
Clarion Healthcare System, Inc. is composed of four affiliates: Clarion Hospital, Health Services of Clarion, Inc., Clarion Development Corporation, Inc., and Clarion Hospital Foundation, all located in Clarion, Pennsylvania. Clarion Hospital is a licensed 70-bed community hospital and provides 24-hour emergency department, and includes an eight bed inpatient rehab center, women’s health and birthing services, advanced wound healing hyperbaric center, sleep lab, ICU, and a Cancer Center offering chemotherapy and radiation therapy.
Butler Health System, located in Butler, Pennsylvania, is the parent of Butler Memorial Hospital, its affiliates, and a number of subsidiaries. Butler Memorial Hospital is a 326-bed acute-care facility with a broad range of surgical, medical, emergency, and psychiatric services. Butler Health System employs 200 physicians and advanced providers through Butler Medical Providers and includes 72 outpatient locations across eight counties in Western Pennsylvania. Butler Health System employs more than 2500 people.
This was reported by Clarion Hospital on August 1, 2019.
Contact information: Clarion Hospital, 1 Hospital Drive, Clarion, Pennsylvania 16214; 814-226-9500; Website: www.clarionhospital.org
Contact information: Butler Health System, 1 Hospital Way, Butler, Pennsylvania 16001; 724-283-6666; Website: www.butlerhealthsystem.org