CINCINNATI -- Mercy Health announced Wednesday that it plans to merge with Bon Secours Health System, an East Coast health provider.
The merger will make them the "fifth largest Catholic health system in the country," the companies said in a news release. The merged group will be comprised of 43 hospitals and more than 1,000 care sites across seven states.
Mercy Health is the largest health group in Ohio, and also operates in Kentucky. Bon Secours operates in Maryland, Virginia, South Carolina, Kentucky, Florida and New York.
John Stacher Jr., Mercy Health president and CEO, said they both want to provide communities with low-cost, high-value health care.
"Working together, our strong faith-based heritage fuels our mutual focus to provide efficient and effective health care for each patient who comes through our doors," he said.
The combined health provider has more than 57,000 associated and 2,100 employed physicians and advanced practice clinicians. They have $8 billion in net operating revenue and $293 million in operating income.
Bon Secours President and CEO Richard Statuto said the health providers' missions and service areas "are remarkably well-aligned and highly complementary."
"This merger strengthens our shared commitment to improve population health, eliminate health disparities, build strength to address social determinants of health, and invest heavily in innovating our approaches to health care," he said.