Trinity Health Acquires MercyOne

The transaction, which was first announced in April, transfers all assets of MercyOne from CommonSpirit to Trinity Health.

Livonia, Michigan-based Trinity Health, a nonprofit Catholic health system, has completed its acquisition of MercyOne Health System, a nonprofit Catholic health system based in Iowa, the organizations announced this week.

Plans for the transaction were first announced in April, when Trinity Health, a $20.2 billion health system signed an agreement to acquire all facilities and assets of MercyOne from its parent company, CommonSpirit Health.

Prior to the transaction, MercyOne operated under a joint operating agreement between Trinity Health and CommonSpirit (previously Catholic Health Initiatives.) Now that the acquisition is complete, the MercyOne system's facilities and assets, including its home care, hospital, and infusion locations, are operating under Trinity Health and its electronic health record.

MercyOne will continue to retain its name and branding while operating as a part of Trinity Health.

"For close to 25 years, we have served Iowa communities. 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," Mike Slubowski, president and chief executive officer of Trinity Health, said in a statement. "Health care providers across the country continue to face unprecedented challenges brought on by the COVID-pandemic, but together, we are stronger. With our shared history and Catholic mission, we look forward to continuing a legacy of high-quality care for generations to come."

"[The] closing further advances MercyOne's Vision to provide a personalized and radically convenient care experience for Iowans and neighboring communities. We are delighted to become a full member of the Trinity Health family which will further our goal to be a more strongly connected system of health services," Bob Ritz, president and chief executive officer at MercyOne, also said in a statement. "We are grateful to CommonSpirit for their support in the transition and for more than 25 years of successful partnership in Iowa. We look forward to further strengthening the Mission of MercyOne."