Presbyterian-UnityPoint Merger Moves Forward

Presbyterian Healthcare Services and UnityPoint Health have moved a step closer to completing a proposed merger. The nonprofit health systems signed a definitive agreement on March 30, the companies disclosed in a filing to the Municipal Securities Rulemaking Board, Modern Healthcare reports.

Presbyterian Healthcare Services of Albuquerque, New Mexico and Des Moines, Iowa-based UnityPoint Health signed a letter of intent March 2 to form an $11 billion system with 48 hospitals in Illinois, Iowa, New Mexico and Wisconsin. The deal would create new corporate parent company, akin to Advocate Aurora Health and Atrium Health merging to form Charlotte, North Carolina-based Advocate Health. Read more.

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