December 12, 2017, Kimberly Marselas, McKnight's Long-Term Care News - Two major hospital operators with a significant stake in long-term care could combine to create the largest U.S. hospital owner. The Wall Street Journal reports the non-profits Ascension and Providence St. Joseph Health are talking about combining, according to people familiar with the discussions.
A deal would create a new operation of unprecedented reach, with 191 hospitals in 27 states and annual revenue of $44.8 billion, based on the most recent fiscal year. That would dethrone the nation's largest pure hospital operator, HCA Healthcare Inc., which owns 177 hospitals and ended 2016 with $41.5 billion in revenue.
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