(Silver Spring, Maryland) - Earlier today, Trinity Health — Holy Cross Health's parent organization — announced that its Board of Directors has signed a Letter of Intent (LOI) to join together with Catholic Health East (CHE), another strong Catholic health system. In the coming months, leaders, sponsors and board members of the two organizations will explore the details of a possible consolidation. Their goal is to finalize a Definitive Agreement by spring 2013.
"We know the benefits to our patients and our community of sharing services and expert clinical knowledge across a large system," said Kevin J. Sexton, President & CEO Holy Cross Health. "By coming together, our respective strengths and capabilities will grow significantly and we will be able to leverage one another's areas of expertise to benefit our patients and communities."