St. Louis Children's Hospital said it has signed a letter of intent to merge with BJC Health System in St. Louis.
If the merger is completed, the BJC system will include 12 hospitals with 3,136 staffed beds, seven nursing facilities and one retire-ment center in Missouri and Illinois. It's also tied to more than 20 other hospitals through various agreements.
BJC has annual revenues of $1.3 billion, and Children's has revenues of $155 million.
The merger would give BJC a 29.5% share of the healthcare market in metropolitan St. Louis, it said. The system plans to file pre-merger notification documents with regulatory agencies later this month. It will complete the merger following antitrust clearance and a "due diligence" review.
The addition of Children's, a highly regarded pediatric hospital, will give BJC a complete continuum of services, said Fred Brown, its president and chief executive officer. It will allow the system to offer broad, coordinated programs for women's and children's health throughout the region.
Children's still will work with hospitals outside the system and will expand community outreach programs, said Alan Brass, its president and CEO. "I strongly believe that joining this network will allow us to accelerate this approach," Mr. Brass said. The hospital will name five people to BJC's 25-member board.
Earlier this month, BJC completed its merger with 416-bed Missouri Baptist Healthcare System.