The merger between the St. Luke Hospitals and St. Elizabeth Medical Center has been finalized, creating a new health care organization that includes five hospitals with 1,068 hospital beds, 31 primary care office locations, more than 4,600 employees and a net patient revenue of $663 million.
Preliminary plans for the merger were announced last year, but could not be finalized until St. Luke worked through legal issues to officially withdraw from the Health Alliance of Greater Cincinnati.
Though the hospitals will continue to operate under their existing names and no staff reductions are anticipated as a result of the merger, combining operations will save up to $15 million per year.
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