|Loyola University Chicago President Michael Garanzini, S.J. has scheduled a series of “town hall” meetings Monday to discuss the proposed merger between Loyola University Health System and Trinity Health of Novi, Mich..
The town hall meetings are scheduled for Loyola University Health System, the Stritch School of Medicine and the Marcella Niehoff School of Nursing.
Here is a letter from Garazini to the university outlining the proposed merger and the town hall meetings:
I am pleased to announce that earlier today the University’s Board of Trustees met and approved the signing of a Letter of Intent (LOI) between Loyola University Chicago and Trinity Health, the fourth largest Catholic health system in the U.S. (based in Novi, Michigan). The LOI, which provides a framework for a new partnership, could lead to the consolidation of Trinity Health and the Loyola University Health System (LUHS), a wholly-owned subsidiary of the University, by the summer of 2011. The University’s Health Science enterprise, which is comprised of Stritch School of Medicine (SSOM) and the Marcella Niehoff School of Nursing (MNSON) will continue to be schools of the University and Trinity Health would support these schools.
After a number of conversations with both local and national Catholic health-care systems, the University determined a partnership with Trinity Health provides the greatest opportunity to invest in and grow LUHS while still securing the future of the University’s health sciences education and medical research focus. One of the many benefits would be substantial joint investment of $150 million for a state-of-the-art health science research enterprise in Maywood.
Looking ahead, with the LOI now in place, leaders representing the three organizations are further evaluating the potential for consolidation and are completing a number of necessary steps, including filing for and receiving regulatory approvals, drafting and obtaining board approvals of a Definitive Agreement, and planning for transition.
Together as partners, the University, Trinity Health, and LUHS would strive to become one of the nation’s leading providers of Catholic health care with a continued focus on outstanding patient care, record of excellent patient safety and quality, and alignment of compatible services and operations. The inclusion of LUC’s academic and research enterprise significantly enhances the health system’s operations.
While the University would no longer be the parent company of LUHS, we would continue to collaborate with Trinity and LUHS to preserve and promote Catholic health care and health sciences education and research.
I know that many of you will have questions about this announcement, and to help you understand the current situation we have posted an extensive list of frequently asked questions at LUC.edu/loi/faqs.shtml for your review. Town Hall meetings are scheduled for Monday for employees of LUHS, Stritch, and the School of Nursing. You can also access the press release announcing the signing at LUC.edu/loi/newsrelease.shtml. We will continue to provide timely communication throughout this transition period.