Chicago-based CommonSpirit Health is one of the largest nonprofit healthcare systems in the country. The health system had a particularly busy February, releasing its latest financial results and being busy on the merger and acquisition front among several stories.
Here are eight things the 138-strong hospital system operating in 21 states has been involved with since the beginning of the year:
- CommonSpirit estimated the ransomware attack that hit the health system in October cost it approximately $150 million. The health system reported 623,774 patients’ data was breached during the attack, and patients have sued the system for failing to prevent the attack.
- The system reported $451 million in operating losses Feb. 15 for the six-month period ending Dec. 31 compared with a $47 million loss in the same period the previous year.
- CommonSpirit is to acquire Steward Health Care’s sites in Utah, which will then be managed by Centura Health. The transaction involves CommonSpirit buying five hospitals, more than 35 medical group clinics and a clinically integrated network of providers.
- The system is to end its Centura Health joint venture with Altamonte Springs, Fla.-based AdventHealth, with each health system directly managing their respective care sites in Colorado and Kansas.
- Dignity Health International, CommonSpirit’s international division, acquired a minority stake in RAK Hospital, one of the most acclaimed private hospitals in the United Arab Emirates.
- CommonSpirit faced a second lawsuit related to the October ransomware attack which affected patient data.
- Omaha, Neb.-based CHI Health, owned by CommonSpirit, agreed to pay $800,000 in a class-action lawsuit related to on-call nursing pay.
- CommonSpirt made the list of Forbes best large employers. There were six hospitals and health systems ranked among the top 20 employers and 34 health systems out of 500 employers ranked overall.