VHA Inc. and UHC Complete Merger, Creating the Nation's Largest Member-owned Health Care Company

IRVING, Texas, April 1, 2015 /PRNewswire/ -- VHA Inc., the national health care network, and UHC, the alliance of the nation's leading not-for-profit academic medical centers, today announced the close of their transaction, that combines the businesses and operations of both organizations. The combined organization will continue to use separate market-facing brands until a new name is announced in early 2016. Financial terms of the deal have not been disclosed.

The newly combined organization offers superior access to leading practices, networking and knowledge sharing among its membership, which includes independent, community-based health care organizations as well as large, integrated systems and academic medical centers.

Key facts about the newly combined organization:

• Serves more than 5,200 health system members and affiliates.
• Provides services to nearly 30 percent of the nation's hospitals, including virtually all the academic medical centers and health systems.
• Serves more than 118,000 non-acute health care customers.
• Includes more than $50 billion in purchasing volume, the largest in the industry.
• Provides services to all of the top 10 hospitals on the US News and World Reports annual list of America's Top Hospitals.
• Delivers the industry's most in-depth clinical data combined with the nation's most robust supply chain data to address cost and quality.

"From our front line employees to our distinguished Board of Directors, our new company brings together the best and brightest in health care," said Curt Nonomaque, former president and CEO of VHA, who has been appointed as president and CEO of the combined organization. "As the largest member-owned health care company in the country, our singular dedication is to the success of our members."

The Board of Directors for the new organization strikes a balance between leaders from academic medical centers, community health systems and independent directors – ensuring the right skill sets and expertise are working collectively to solve health care's most challenging issues. The newly appointed Board represents many of the country's most prestigious providers, and includes:

• Chair - Marna Borgstrom, President and Chief Executive Officer, Yale-New Haven Health System
• Vice-Chair - Ann Madden Rice, Chief Executive Officer, UC Davis Medical Center
• Ex-officio - Curt Nonomaque, President and Chief Executive Officer of the organization resulting from the joining of VHA and UHC
• Carl Armato, President and Chief Executive Officer, Novant Health, Inc.
• Tim Babineau, MD, President and Chief Executive Officer, Lifespan and Rhode Island Hospital
• Dave Blom, President and Chief Executive Officer, OhioHealth
• Jeff Bolton, Vice President, Administration and Chief Administrative Officer, Mayo Clinic
• Mike Butler, President, Operations & Services, Providence Health & Services
• Julian Carr, Partner and Senior Executive Advisor, Beecken Petty O'Keefe & Company
• Steve Corwin, MD, Chief Executive Officer, NewYork-Presbyterian Hospital
• Pat Fry, President and Chief Executive Officer, Sutter Health
• John Grotting, Consultant
• Dean Gruner, MD, President and Chief Executive Officer, ThedaCare
• Catherine Jacobson, President and Chief Executive Officer, Froedtert Health
• Bruce Lawrence, President and Chief Executive Officer, INTEGRIS Health, Inc.
• Rich Liekweg, Executive Vice President, BJC HealthCare
• Bob Page, President and Chief Executive Officer, The University of Kansas Hospital
• Johnese Spisso, Chief Health System Officer, UW Medicine and Vice President for Medical Affairs, University of Washington
• Doug Strong, Chief Executive Officer, University of Michigan Hospitals and Health Centers
• Dan Wolterman, President and Chief Executive Officer, Memorial Hermann Healthcare System

The newly combined organization will be headquartered in Irving, Texas, with an office in Chicago and other cities across the United States.

About the Combined Organization
Effective April 1, 2015, VHA, the national health care network of not-for-profit hospitals, and UHC, the alliance of the nation's leading academic medical centers, combined into a single organization. The combined organization is the largest member-owned health care company in the country and is dedicated to leading health care innovation, creating knowledge and fostering collaboration to help our members thrive. The company serves more than 5,200 health system members and affiliates as well as 118,000 non-acute health care customers. Members range from independent, community-based health care organizations to large, integrated systems and academic medical centers, and it represents more than $50 billion in annual purchasing volume. Headquarters are in Irving, Texas, with locations in Chicago and other cities across the United States.

Media Contact: David Matthews, 972.830.2901, [email protected]

SOURCE VHA Inc.