History
In May 2000, Trinity Health was formed through a merger between Holy Cross Health System in South Bend, Indiana, and Mercy Health Services in Farmington Hills, Michigan. The new organization initially comprised 25 health ministries across seven states—California, Idaho, Indiana, Iowa, Maryland, Michigan, and Ohio—with 45,000 employees and 7,000 physicians. Trinity Health's headquarters were established first in Farmington Hills, Michigan, and later in Novi, Michigan. At the time, Trinity Health was the 10th largest health system in the nation and the fourth largest Catholic health care system in the country, by total number of hospitals and total bed count, respectively. It operated 47 acute-care hospitals, 432 outpatient facilities, 32 long-term care facilities, and numerous home health offices and hospice programs in 10 states.
In 2013, Trinity Health and Catholic Health East merged into a single organization.[6][7]
It acquired St. Mary's Hospital in Waterbury, Connecticut in 2015.[8]
For 2018, revenue increased to $18.3 billion. Total assets of $26.2 billion were recorded, with operating income of $401.3 million.[9] As of June 30, 2018, it had 94 acute care hospitals, and reached 22 states.[10] In September 2018, Trinity Health formed Trinity Health Mid-Atlantic with three other hospitals.[11]
Trinity Health held a 50.4% stake in BayCare Health System,[12] until June 27, 2024, when a Definitive Agreement signed between the two transferred $4.0 billion in cash from BayCare and disaffiliated Trinity Health as a corporate member.[13] BayCare assumed full ownership of member hospitals and other facilities previously owned by Trinity Health, St. Anthony's Hospital and the five St. Joseph's hospitals in Tampa, and stated they would maintain their Catholic identity.[14][15]
