UnityPoint, Presbyterian Healthcare Services not moving forward with planned partnership

Two major health care organizations will not pursue a plan for partnership they had announced in March.

UnityPoint Health and New Mexico-based Presbyterian Healthcare Services announced their intent to form a new health care company, but after planning and consideration, the two organizations will no longer pursue the transaction, according to a news release.

“We believe this decision allows us to better meet the needs of our patients, team members, communities and key stakeholders,” said Sally Gray, RN, UnityPoint Health Board chair. “As we move forward, UnityPoint Health is focused on identifying new, innovative ways to deliver low-cost, high-quality care to those we serve.”

As a result, former CEO Clay Holderman will depart UnityPoint Health to explore other professional opportunities, the organization said in the release, adding it wished him well. The UnityPoint Health Board of Directors has named Scott Kizer as president and CEO of UnityPoint Health.

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“We’re confident in Scott’s leadership going forward, and we remain committed to showing our people, patients and communities how much they matter,” Gray said.

As previously reported, the two organizations serve a combined 4 million patients through more than 40 hospital facilities, hundreds of clinics and significant health plan operations. The two organizations collectively represent a workforce of 40,000.

In the spring, representatives for the organization said the goal for exploring the creation of a new health care organization, which would function as a parent company for not-for-profit health systems, included making greater investments in clinical excellence, digital innovation, workforce development and value-based care while lowering overall administrative costs.

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