Emory Healthcare and St. Joseph's Hospital, both in Atlanta, announced they plan to combine through a joint-operating company to be majority owned by Emory. Respective governing boards have approved the deal's terms, which were not disclosed, though a news release said three-hospital Emory will own 51% of the joint-operating company. St. Joseph's will maintain its Roman Catholic status with sponsorship by the Sisters of Mercy and will have super-majority voting rights on certain issues considered critical to its mission and values, according to the release. St. Joseph's also will continue to be affiliated with Catholic Health East, Newtown Square, Pa., although the nature of that affiliation has yet to be worked out, according to a St. Joseph's spokeswoman. The transaction is expected to close by late this year, pending state and federal regulatory approvals, as well as approval from Catholic entities.
Late News: Emory, St. Joseph's plan to combine in joint company
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