CommonSpirit Health’s Trinity Health System and UPMC have signed a non-binding letter intent to pursue integration, the systems announced Wednesday.
The proposed deal would merge Trinity’s three-hospital system — as well as its urgent care, behavioral health and physician office facilities — into UPMC’s network. The merger would offer UPMC an entrance into the Ohio market, where Trinity hospitals are located.
Financial terms and conditions of the proposed integration were not disclosed in the news release.
The announcement follows reports of merger talks between the two health systems, which were first reported last month by the Pittsburgh Post-Gazette.
“Trinity Health System and UPMC leaders hope to complete the affiliation as soon as possible,” the systems said Wednesday.
Any deal will be subject to customary regulatory review and approvals.
The deal announcement comes as CommonSpirit looks to focus more heavily on its ambulatory care business.
CommonSpirit, which operates 138 hospitals nationwide, recorded a $225 million loss in its fiscal year ended June 30. The system said it planned to focus on enhancing revenue and efficient service lines to get ahead of mounting headwinds and to improve operating performance.
Meanwhile, UPMC, which operates more than 40 hospitals, reported $349 million in operating income over the six-month period ended June 30.
