CHI will issue approximately $1.7 billion in taxable and tax-exempt bonds to finance key strategic initiatives that include market expansion, a system wide information-technology infrastructure and improved capabilities in areas such as virtual health, insurance products and clinically integrated networks.
On Friday, Oct. 11, Mercy Health and Catholic Health Initiatives signed a non-binding letter of intent (LOI) to transfer ownership of Mercy Hot Springs hospital and physician clinic to CHI and its affiliate, St. Vincent Health System (SVHS) in Little Rock.
Catholic Health Initiatives (CHI) and the Texas Heart Institute (THI) announced they have signed a letter of intent for exclusive negotiations toward a new partnership, funded by $220 million over the next decade for research and education in cardiovascular diseases.
Kevin E. Lofton, president and chief executive officer of Catholic Health Initiatives, is ranked No. 30 this year on Modern Healthcare magazine’s annual listing of the “100 Most Influential People in Healthcare.”
Catholic Health Initiatives, the nation’s third-largest Catholic health care system, has awarded 22 grants totaling more than $5 million for improving the health of communities in the U.S. and around the world. Half the grants and 52% of the grant funds are devoted to violence prevention initiatives.
Catholic Health Initiatives (CHI) has formed a new management-services organization (MSO) to deliver key business functions and physician-management services under a centralized, national organization across eight divisions.
Catholic Health Initiatives, the nation’s third-largest faith-based health system, has added two new members to its senior executive team as part of a restructuring of the organization’s national finance group to provide additional operational leadership during a time of rapid change in the health care industry.