![]() “We’re both large employers in (our) areas, and we think the economic impact will be very important, too, as we try to sustain and face the headwinds that are facing us right now,” he said. Excela is the top private employer in Westmoreland County with about 4,800 employees, and Butler Health System is the largest employer in Butler County and the largest health care employer in Clarion County, employing 3,000 people. Sphon said he hopes the merger will attract additional talent to the new organization’s medical staff, as well as benefit Butler, Clarion and Westmoreland counties’ regional economies. Of our strategic planning moving forward. “We are now in the definitive agreement stage, and when we get to a point of when we close, that is when we can more thoroughly address some Sphon does not anticipate any changes in either organization’s facilities, he said, nor are any immediate changes expected in staffing or types of insurance accepted, though more detailed plans are “something that will be evaluated as we move forward.” “We don’t see that people will have to go somewhere else to receive care, unless there is a specialty area that one area can provide more than another.” “Our physicians and patients will be able to see their same primary care doctor and specialists,” he said. As we combine, we will be able to enhance that.”įor patients, it’s not likely that someone in Excela’s region would need to travel to Butler to see a doctor, Sphon said. ![]() ![]() “Both organizations provide some very high-quality care in their own right. (We’ll) be able to provide additional services and expand our reach,” he said. “With this merger, it will actually enhance our medical staff. That followed a June 1 announcement and moves the two systems toward finalization of the deal, which is anticipated to bring in more than $1 billion in revenue. Sphon opened up about the plan Friday as the two organizations announced they had entered into a definitive agreement. “To quote Fitch, ‘If the merger is consummated, Fitch believes that there is upside potential for BHS’s outlook or rating,”’ Huss said.Excela CEO John Sphon doesn’t expect either patients or staff to experience much of a difference in how they access or provide care as the Greensburg-based hospital system moves forward with a merger with Butler Health System. Huss said the Fitch Rating also reflected the potential of the merger, which was positive. ![]() In 2019, BHS was part of a merger that brought Clarion Hospital into its network, which is a 70-bed facility providing 24-hour emergency service among other features.Īccording to Fitch Ratings, the merger would create a new five-hospital health system with combined board representation and more than $1 billion of total annual revenues. It continues to hire and fill vacancies, and it successfully negotiated contracts with its represented nurses and engineers over the past few months.”Įxcela Health is a 578-bed, not-for-profit health system in Westmoreland County that includes three licensed, acute-care hospitals - Excela Frick Hospital in Mount Pleasant, Excela Latrobe Hospital in Latrobe and Excela Westmoreland Hospital in Greensburg.īutler Memorial Hospital is a 326-bed acute-care facility with a broad range of surgical, medical, emergency and psychiatric services. “BHS has maintained staffing far better than most. “Fitch wants to see what happens as part of its due diligence process,” Huss said. He also said the rating given by Fitch has no bearing on client experience. Through the nine months ending March 31, 2022, the system's operating loss was $8.2 million.Īccording to Huss, Fitch isn’t updating its “A” rating of outstanding BHS bonds until merger discussions with Excela are complete. The rating came after the health system reported to Fitch an operating loss of $11.2 million for the 2021 fiscal year. Last week, Fitch Ratings, a financial services company based in New York, issued a rating watch for BHS related to $79 million in revenue bonds. ![]()
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