Trinity Health

From Wikipedia the free encyclopedia

Not to be confused with Trinity Health Michigan.
For the North Dakota-based health care provider, see Trinity Health (Minot, North Dakota).
Trinity Health
Company typePrivate (not-for-profit)
IndustryHealth care
Founded2000
HeadquartersLivonia, Michigan, U.S.[1]
Area served
22 U.S. states
Key people
Michael Slubowski - President/CEO
James Bentley, Ph.D., Chair, Board of Directors
ServicesHospital management
outpatient centers
senior living communities
home health agencies
Revenue$18.3 billion USD (FY 2018)[2]
$401.3 million (FY 2018)[2]
Number of employees
120,000+
Websitewww.trinity-health.org

Trinity Health is an American not-for-profit Catholic health system operating 92 hospitals in 22 states, including 120 continuing care locations encompassing home care, hospice, PACE and senior living facilities. Based in Livonia, Michigan,[3] Trinity Health employs more than 120,000 people including 5,300 physicians.[4]

Sponsored by Catholic Health Ministries,[5] Trinity Health operates facilities in the US states of Alabama, California, Connecticut, Delaware, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Maine, Maryland, Massachusetts, Michigan, Nebraska, New Jersey, New York, North Carolina, Ohio, Oregon, Pennsylvania, and South Dakota.

Trinity Health Chicopee is a comprehensive healthcare system that offers a wide range of services to patients in the Chicopee area. The system includes a hospital, a network of outpatient clinics, and a variety of support services.

History

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In May 2000, Trinity Health was formed through a merger between Holy Cross Health System in South Bend, Indiana, and Mercy Health Services in Farmington Hills, Michigan. The new organization initially comprised 25 health ministries across seven states—California, Idaho, Indiana, Iowa, Maryland, Michigan, and Ohio—with 45,000 employees and 7,000 physicians. Trinity Health's headquarters were established first in Farmington Hills, Michigan, and later in Novi, Michigan. At the time, Trinity Health was the 10th largest health system in the nation and the fourth largest Catholic health care system in the country, by total number of hospitals and total bed count, respectively. It operated 47 acute-care hospitals, 432 outpatient facilities, 32 long-term care facilities, and numerous home health offices and hospice programs in 10 states.

In 2013, Trinity Health and Catholic Health East merged into a single organization.[6][7]

It acquired St. Mary's Hospital in Waterbury, Connecticut in 2015.[8]

For 2018, revenue increased to $18.3 billion. Total assets of $26.2 billion were recorded, with operating income of $401.3 million.[2] As of June 30, 2018, it had 94 acute care hospitals, and reached 22 states.[9] In September 2018, Trinity Health formed Trinity Health Mid-Atlantic with three other hospitals.[10]

Trinity Health held a 50.4% stake in BayCare Health System,[11] until June 27th, 2024, when a Definitive Agreement signed between the two transferred $4.0 billion in cash from BayCare and disaffiliated Trinity Health as a corporate member.[12] BayCare assumed full ownership of member hospitals and other facilities previously owned by Trinity Health, St. Anthony's Hospital and the five St. Joseph's hospitals in Tampa, and stated they would maintain their Catholic identity.[13][14]

Divisions

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Trinity Health's divisions are:[15]

Divestitures

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In 2015, Trinity divested three of their financially struggling facilities to for-profit Prime Healthcare Services. This included St. Joseph Mercy Port Huron Hospital in Port Huron, Michigan, which sold September 2015 in a $37.5 million transaction.[17] Mercy Suburban Hospital, East Norriton Township, Pennsylvania, was sold in March 2015 in a $35 million transaction,[18] and Saint Michael's Medical Center, Newark, New Jersey, was sold to Prime Healthcare in a $62 million bankruptcy sale.[19]

Ethical and religious directives

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As a Catholic health care provider, Trinity Health hospitals follow the Ethical and Religious Directives for Catholic Health Care Services issued by the United States Conference of Catholic Bishops. The directives guide health care facilities in making decisions about care and services in a way that is consistent with Catholic beliefs.

The following religious communities provide healthcare through Trinity Health:

References

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  1. ^ "Crain's Detroit Business : Subscription Center". Crainsdetroit.com. Retrieved 2015-10-13.
  2. ^ a b c "Trinity Health FY18 Annual Operating Income Jumps More Than 50% Over Prior Year." (Trinity Health) (June 30, 2018) Retrieved March 3, 2019.
  3. ^ "Crain's Detroit Business : Subscription Center". Crainsdetroit.com. Retrieved 2015-10-13.
  4. ^ "About Us".
  5. ^ "Board of Directors & Members of Catholic Health Ministries - Trinity Health, Livonia, Michigan (MI)". Trinity-health.org. 2015-06-23. Retrieved 2015-10-13.
  6. ^ Brubaker, Harold (2012-10-18). "Catholic hospitals' network may grow Catholic Health East has a tentative merger deal with Trinity Health of Michigan". The Philadelphia Inquirer. pp. –22. ISSN 0885-6613. Retrieved 2021-10-16.
  7. ^ Devitt, Caitlin (2013-05-03). "Trinity Health, Catholic Health East Close Big Merger". Bond Buyer, the (USA). ISSN 0732-0469. Retrieved 2021-10-16.
  8. ^ "Trinity Health opens $3M center for MS care, research at St. Mary's Hospital." (Hartford Business) (May 9, 2018) Retrieved March 3, 2019.
  9. ^ "Facts and Figures/Financial Strength." (Trinity Health) Retrieved March 3, 2019.
  10. ^ "Trinity Health Aligns Area Hospitals to Form Trinity Health Mid-Atlantic." (Mercy Health System) (September 27, 2018) Retrieved March 3, 2019.
  11. ^ "TRINITY HEALTH UNAUDITED QUARTERLY REPORT As of March 31, 2024, and June 30, 2023, and For the nine months ended March 31, 2024 and 2023" (PDF). Trinity Health. Retrieved 2024-10-17.
  12. ^ "Discussion and Analysis of Financial Condition and Results of Operations for Trinity Health June 30, 2024" (PDF). Trinity Health. 2024-10-04. pp. 3, 7. Retrieved 2024-10-17.
  13. ^ "BayCare Begins Next Chapter". baycare.org. 2024-07-01. Retrieved 2024-10-16.
  14. ^ Asser, Jay (2024-10-15). "Trinity Health Back in the Black After Controlling Costs in FY 2024". www.healthleadersmedia.com. Retrieved 2024-10-16.
  15. ^ "Locations". Retrieved 2021-10-16.
  16. ^ "Mercy Life Alabama". Retrieved 2021-10-16.
  17. ^ "Port Huron hospital sale brings name change, improvements". Crain's Detroit Business. 1 September 2015.
  18. ^ "Mercy Suburban Hospital Sale Prime Healthcare". www.bizjournals.com. 2015. Retrieved 2019-05-23.
  19. ^ Perry, Jessica (7 April 2016). "Prime Healthcare takeover of St. Michael's gets final approval needed".
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