On Thursday January, 7, 2016 it was a big day in Tyler, Texas. Above is a snap shot taken at an important media conference in which officials from Trinity Mother Frances and CHRISTUS Health’s Ernie Sadau announced the planned partnership between the two closely aligned Catholic Health Care Systems. See below release.
TYLER, TX (January 7, 2016) – Trinity Mother Frances Hospitals and Clinics (TMFHC), announced today that it has signed a letter of intent to become part of CHRISTUS Health, an international, faith-based, not-for-profit health system headquartered in Irving, Texas. This joining of two prestigious health systems will greatly strengthen both organizations, improving access to care for patients and expanding each organization’s service offerings. Most importantly, it will increase the capacity and ability to meet the ever-growing healthcare needs of East Texans through increased resources and innovative services.
“We pride ourselves on our commitment to bringing the best patient care and services to East Texas. This has been an integral part of our mission as a faith-based health provider for more than 75 years, and we will continue to realize that vision for East Texas for years to come,” said Lindsey Bradley, President and Chief Executive Officer of TMFHC. “An alliance with CHRISTUS Health will allow us to build upon the foundation set forth by the Sisters of the Holy Family of Nazareth many years ago with a partner that shares our faith-based values and dedication to quality care. We will not only continue to serve the people of East Texas diligently, but grow to expand access to the highest quality healthcare as East Texans have come to expect,” continued Bradley.
“We are a world-class healthcare organization. And, we are committed to maintaining that standard here, in East Texas. This announcement today is the beginning of the path that will solidify world-class healthcare in East Texas for decades to come,” said Ray Thompson, FACHE, Chief Operating Officer, Trinity Mother Frances Hospitals and Clinics. “We are proactively defining our future, and this is a day of celebration for our two health systems and for the people of East Texas.”
“We are an integrated healthcare system, and a significant portion of that model of care is our trust in physician leadership,” said Steven P. Keuer, MD, Chief Medical Officer, Trinity Mother Frances Hospitals and Clinics and President, Trinity Clinic. “We approach actions with the mindset of ‘How will this affect the patient?’ Our goal is to keep the care of our patients as our priority. This combination reflects those values, and it is important for everyone to know that the physicians of this organization were deeply involved in this process from the beginning.”
“Our process of evaluation has given us the opportunity to get to know the people of CHRISTUS Health and their organization on a personal level and to find common ground,” said Scott Smith, Senior Vice President and Institute Chief, Primary Care, Trinity Mother Frances Hospitals and Clinics. “It gives us a sense of comfort, of hope and of pure joy to be making the right decision for us and for East Texas.”
“When TMFHC joins with CHRISTUS Health system, it will create a combined platform that we believe will provide significant growth opportunities and healthcare options,” said Ernie Sadau, Chief Executive Officer for CHRISTUS Health. “Together we will forge a stronger Catholic healthcare system East Texans will depend on for years to come. We believe that growing our network of facilities in East Texas will give the
CHRISTUS-Trinity Mother Frances system more opportunities to expand access to care in the region, as well as continue to improve the quality of care we provide. It will also offer us more opportunities to pursue new models of health care delivery that depend on a strong geographic presence, ensuring that the residents of Tyler and across East Texas continue to have access to high quality healthcare and the latest ways of accessing the care they need.”
When due diligence is complete and the deal is final, TMFHC will become part of the CHRISTUS Health system. At that time, subject to formal approval by the CHRISTUS Health Board of Directors, four TMF representatives will join the CHRISTUS Health Board, including Lindsey Bradley and Ray Thompson, one representative from the Trinity Clinic, and one Sister from TMFHC’s sponsoring congregation, the Catholic order of the Sisters of The Holy Family of Nazareth. The Catholic order of the Sisters of The Holy Family of Nazareth will become a third sponsoring congregation of CHRISTUS Health, in addition to its two founding sponsoring congregations, the Sisters of Charity of the Incarnate Word of Houston and the Sisters of Charity of the Incarnate Word of San Antonio.
CHRISTUS’ Catholic heritage closely aligns with Trinity Mother Frances’ sense of religious purpose and creates deep connections with the communities it serves.
Huron Transaction Advisory, LLC acted as exclusive financial advisors to Trinity Mother Frances Hospitals and Clinics in the negotiations toward a definitive agreement.
J.P. Morgan acted as exclusive financial advisors to CHRISTUS Health in the negotiations toward a definitive agreement.