CommonSpirit Health and AdventHealth finalized the breakup of Centura Health, a 20-hospital joint venture that ran for 27 years in Colorado and western Kansas, on Aug. 1, the systems announced this week.
The decision, announced in February, leaves AdventHealth as the direct manager and operator of five Adventist hospitals and their affiliated clinics in Colorado.
“We are excited to directly manage the operations of our hospitals and care sites in Colorado, to welcome our caregivers and team members back into the AdventHealth family and to continue to provide whole-person care to the communities we serve,” AdventHealth President and CEO Terry Shaw said in a release.
The Altamonte Springs, Florida-based nonprofit has rebranded each of these under its national brand and appointed Brett Spenst to serve as the president and CEO of their Rocky Mountain Region. He was previously CEO of AdventHealth Orlando but most recently served as senior finance officer and chief information officer at the California-based Adventist Health.
The remaining 15 hospitals and more than 240 other care sites are now fully managed and operated by Chicago-based CommonSpirit Health.
The Catholic system said it will be transitioning these—along with five other Utah hospitals and affiliated locations it purchased this year from Steward Health Care for a gross price of $685 million “plus certain working capital adjustments”—away from their prior branding “over the next year.” The full 20 hospitals will then make up CommonSpirit’s Colorado/Kansas/Utah Division, headed by Division President Peter Banko.
“We have been a joint venture partner in these care sites for nearly 30 years, so we have a deep understanding of how important these care sites are in the communities they serve,” CommonSpirit Health Chief Operating Officer Marvin O’Quinn said in a release. “We are thrilled to now work even more closely to ensure that we are transforming care in the ways that matter most to our people and our communities so that our legacy of caring and humankindness can continue to grow.”
Both organizations emphasized a smooth transition. AdventHealth said in its announcement that it’s committed to “taking care of team members and providers [and] continuing to deliver safe, high-quality, whole-person care.” CommonSpirit’s notice specified that insurance agreements, contact information and appointment scheduling would remain the same and that “no immediate changes are expected to services provided.”
CommonSpirit and AdventHealth are each among the largest faith-based nonprofit providers in the country. CommonSpirit, formed in 2019 with the merger of Catholic Health Initiatives and Dignity Health, reported revenues of almost $34 billion during the fiscal year ended June 30, 2022. AdventHealth, which is affiliated with the Seventh-day Adventist Church, reported nearly $16 billion in its fiscal 2022.
The announcement of Centura’s split came around the time AdventHealth was dissolving another joint venture, the Chicago area’s Amita Health, with Ascension. AdventHealth then went on to sell a majority stake in the four Amita hospitals to UChicago Medicine in September.