UCHealth's merger with Parkview Health System will close Dec. 1, the nonprofit providers announced Thursday.
The deal was originally expected to close in mid-2023 but got delayed by what the health systems described as "regulatory matters." UCHealth of Aurora, Colorado, and Pueblo, Colorado-based Parkview Health System signed a letter of intent to merge in October 2022 and came to agreement on the transaction in January.
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UCHealth pledged to invest about $200 million in Parkview and the surrounding community, but the health systems did not provide further financial details on the terms of their deal.
Parkview Health System operates the 350-bed Parkview Medical Center and a handful of clinics that will become part of UCHealth, which already had a network of 12 hospitals and more than 150 clinics in Colorado, Nebraska and Wyoming.
Parkview treats a large share of Medicaid enrollees and uninsured patients, which has strained finances and put service lines at risk, President and CEO Darrin Smith said in a news release. “Joining UCHealth will help ensure that our patients in Pueblo and southern Colorado continue to have access to excellent healthcare," he said.
