CommonSpirit Health
{{Short description|Hospital network in the United States}}
{{Use mdy dates|date=January 2025}}
{{Infobox company
| name = CommonSpirit Health
| logo = CommonSpirit Health Logo.png
| logo_caption =
| logo_alt = CommonSpirit Health Logo
| caption =
| former_name =
| type = Nonprofit organization
| foundation = {{Start date and age|2019|02|01}}
| founder =
| location = Chicago, Illinois
| location_city =
| location_country = U.S.
| locations = 142 hospitals
700 care sites
| area_served =
| key_people = Wright L. Lassiter III, CEO
Terika Richardson, Chief Operating Officer
Suja Chandrasekaran, Senior Executive Vice President
Tom McGinn, Executive Vice President
| industry = Healthcare
| services = Hospital management
| revenue =
| operating_income =
| net_income =
| owner =
| num_employees = 175,000{{Cite web|url=https://commonspirit.careers/|title=Working at CommonSpirit Health|website=CommonSpirit Health|access-date=2024-05-10}}
| num_employees_year = 2024
| parent =
| divisions = {{Plainlist|
}}
| subsid =
| homepage = {{URL|https://commonspirit.org/}}
| footnotes = Formed by 2019 merger
}}
CommonSpirit Health is a health system based in the United States, the country's largest Catholic hospital chain and its second-largest nonprofit hospital chain (as of 2019).{{Cite web|url=https://nonprofitquarterly.org/record-merger-creates-nations-largest-nonprofit-catholic-healthcare-company/|title=Record Merger Creates Nation's Largest Nonprofit Catholic Healthcare Company|date=2019-02-06|website=Non Profit News {{!}} Nonprofit Quarterly|language=en-US|access-date=2019-12-30}}{{Cite web|url=https://www.chicagobusiness.com/health-care/steep-challenge-facing-chicagos-newest-health-care-giant|title=The steep challenge facing Chicago's newest health care giant|date=2019-05-03|website=Crain's Chicago Business|language=en|access-date=2019-12-30}} It operates more than 700 care sites and 142 hospitals in 21 states.{{Cite web|url=https://www.healthleadersmedia.com/strategy/dignity-health-chi-finalize-29b-commonspirit-health-megamerger|title=Dignity Health, CHI Finalize $29B CommonSpirit Health Megamerger|date=February 1, 2019|website=HealthLeaders Media}}{{Cite web|url=https://medcitynews.com/2019/02/dignity-health-and-chi/|title=Dignity Health and CHI merge to form new $29B system|date=February 4, 2019|website=MedCity News}}
Founded in 2019 by the merger of Dignity Health and Catholic Health Initiatives, CommonSpirit Health formed as one of the largest non-profit hospital systems by revenue in the United States.{{Cite web|url=https://www.modernhealthcare.com/article/20181016/NEWS/181019911/chi-dignity-merger-cleared-by-vatican|title=CHI-Dignity merger cleared by Vatican|date=October 16, 2018|website=Modern Healthcare}}
History
Formed on February 1, 2019, the hospital network was created by the merger of two nonprofit hospital systems: San Francisco-based Dignity Health, and Catholic Health Initiatives of Colorado.{{Cite web|url=https://medcitynews.com/2019/02/dignity-health-and-chi/|title=Dignity Health and CHI merge to form new $29B system|first=Erin|last=Dietsche|date=February 4, 2019}}
Dignity Health was founded in 1986 as Catholic Healthcare West, when the Sisters of Mercy Burlingame Regional Community and the Sisters of Mercy Auburn Regional Community merged their healthcare ministries into one organization.{{Cite web|date=2017-12-08|title=Dignity Health merging with Colorado's Catholic Health Initiatives|url=https://www.dailydemocrat.com/business/20171208/dignity-health-merging-with-colorados-catholic-health-initiatives|access-date=2020-08-07|website=Daily Democrat|language=en-US}} Catholic Health Initiatives began operations in 1996.{{Cite web|last=Salganik|first=M. William|date=15 March 1998|title=Catholic hospital chains are growing the fastest Nonchurch institutions that merge with them usually ban abortions; Health care|url=https://www.baltimoresun.com/news/bs-xpm-1998-03-15-1998074202-story.html|url-status=live|archive-url=https://web.archive.org/web/20210621044315/https://www.baltimoresun.com/news/bs-xpm-1998-03-15-1998074202-story.html |archive-date=2021-06-21 |access-date=2020-08-07|website=Baltimore Sun|language=en-US}} The founding systems were the Catholic Health Corporation of Omaha, Nebraska, the Franciscan Health System of Aston, Pennsylvania, and the Sisters of Charity Health Care Systems of Cincinnati, Ohio.
CommonSpirit reported operating losses of $227 million in the first quarter of 2020, while combining Dignity Health and Catholic Health Initiatives into a single organization.{{cite news|url=https://www.healthcaredive.com/news/commonspirit-growing-pains-lead-to-quadrupled-operating-loss-in-1st-quarter/567594/|title=CommonSpirit growing pains lead to quadrupled operating loss in 1st quarter|last=Pifer|first=Rebecca|publisher=Healthcare Dive|date=2020-09-19|access-date=2020-01-05}}
In February 2021, CommonSpirit, along with 13 other health care systems such as Trinity Health and Tenet Healthcare, have combined to launch a data analytics company, Truveta.{{Cite web|last=|first=|date=|title=Providence, 13 other health care systems back data platform Truveta|url=https://www.bizjournals.com/seattle/news/2021/02/11/providence-others-launch-truveta.html|url-status=live|archive-url=https://web.archive.org/web/20210212003057/https://www.bizjournals.com/seattle/news/2021/02/11/providence-others-launch-truveta.html |archive-date=2021-02-12 |access-date=2021-02-15|website=www.bizjournals.com}}{{Cite web|last=Vaidya|first=Anuja|date=2021-02-12|title=14 major health systems launch data insights company|url=https://medcitynews.com/2021/02/14-major-health-systems-launch-data-insights-company/|access-date=2021-02-15|website=MedCity News|language=en-US}}
Leadership
Lloyd H. Dean and Kevin E. Lofton served as joint CEOs for the health system from its founding, in early 2019. Prior, Dean was CEO and president at Dignity Health, and Lofton was CEO of Catholic Health Initiatives.{{Cite web|url=https://www.beckershospitalreview.com/strategy/3-questions-with-lloyd-dean-and-kevin-lofton-ceos-of-the-new-commonspirit-health.html|title=3 questions with Lloyd Dean and Kevin Lofton, CEOs of the new CommonSpirit Health|date=February 1, 2019|website=Becker's Hospital Review}} Lofton retired at the end of June 2020, leaving Dean as sole CEO.{{cite web |title=Lloyd Dean becomes sole CEO of CommonSpirit |url=https://www.beckershospitalreview.com/hospital-executive-moves/lloyd-dean-becomes-sole-ceo-of-commonspirit.html |website=Beckers Hospital Review |date=6 July 2020 |access-date=26 July 2020}} In 2022, Dean retired and was succeeded as CEO by Wright L. Lassiter III, previously of Henry Ford Health.{{cite web |title=New CEO Wright L. Lassiter III Begins at CommonSpirit |url=https://www.commonspirit.org/news-articles/new-ceo-wright-l-lassiter-iii-begins-at-commonspirit |website=CommonSpirit |access-date=11 October 2024}}
References
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Category:Christian charities based in the United States
Category:Religious corporations
Category:2019 establishments in the United States
Category:Companies based in Chicago
Category:Hospitals established in 2019
Category:Healthcare in the United States
Category:Privately held companies of the United States
Category:Charities based in Illinois