Genesis Health System and MercyOne announced Wednesday, Sept. 14, that they have signed a letter of intent (LOI) to develop a strategic partnership.
In a joint news release, the two health organizations said that with the letter’s signing they now will begin to conduct additional due diligence and work toward finalizing terms of a definitive agreement.
MercyOne is part of Livonia, Michigan-based Trinity Health, which is one of the largest not-for-profit, Catholic health care systems in the nation operating 88 hospitals across 25 states. Its facilities include MercyOne Clinton Medical Center.
Genesis – with hospitals and medical facilities across the Quad Cities region – said that the Genesis Health System Board of Directors unanimously selected MercyOne as its choice for partner after a thoughtful and deliberate exploration process that began in December 2021.
“Throughout our partnership exploration, our commitment was to select a partner willing to make significant investments in Genesis that will enhance our ability to grow, thrive and deliver more seamless integrated care in our region,” Doug Cropper, president and CEO of Genesis Health System, said in the release.
According to Genesis and MercyOne, there will be no changes operationally for either health care system as a result of the LOI or throughout the due diligence. The process is expected to occur over the course of the next several months.
In the news release, Mr. Cropper said “MercyOne is a strong cultural fit with Genesis and shares our commitment to the Genesis Mission, Vision and Values. With this selection, we will be able to leverage the skill, talent and scale of national and regional resources while retaining local leadership and focus.”
Echoing Mr. Cropper, MercyOne President and CEO Bob Ritz said in the release “MercyOne and Genesis Health System are both mission-driven organizations committed to delivering the highest quality care and best patient experience to all we serve across Iowa. We look forward to continuing discussions and shaping a framework to enhance access to personalized, convenient health care across Eastern Iowa and Western Illinois.”
With more than 5,000 employees, Genesis is one of the largest employers in the Quad Cities.
Genesis Health System, along with its affiliates and partners, offer a continuum of health care services for a 17-county region of Eastern Iowa and Western Illinois. Its affiliates include: Genesis Medical Center, Davenport and DeWitt, Iowa; Genesis Medical Center, Silvis; and Genesis Medical Center, Aledo, Ill.; home health and hospice services through Genesis VNA and Hospice; Genesis Workplace Services; the Clarissa C. Cook Hospice House; senior living communities in partnership with WesleyLife; Genesis Health Group, with more than 300 health care providers; the Genesis Quad Cities Family Medicine Residency program; Genesis Psychology Associates; Genesis Convenient Care clinics; and, Genesis Home Medical Equipment.
Genesis’ partners include: Crow Valley Surgery Center and Center for Digestive Health, both in Bettendorf; Spring Park Surgery Center, Davenport; and Genesis Imaging Centers. Genesis also manages Jackson County Regional Health Center, Maquoketa, Iowa.
A member of Trinity Health, MercyOne, headquartered in central Iowa, is a connected system of health care facilities and services dedicated to helping people and communities live their best life. The system’s clinics, medical centers, hospitals and affiliates are located throughout the state of Iowa and beyond.
The Trinity Health care network includes 88 hospitals, 131 continuing care locations, the second largest PACE (Program of All-Inclusive Care for the Elderly) programs in the country, 125 urgent care locations, and other health services. Its annual operating revenue is $20.2 billion with $1.2 billion returned to its communities in the form of charity care and other community benefit programs. The Trinity Health network includes 115,000 colleagues and nearly 26,000 physicians and clinicians.
