The merger of two West Coast Catholic hospital chains will result in a $100 million foundation and facility to study, prevent, and treat mental illness, Orange County Business Journal and the Associated Press write. The union of St. Joseph Health of Irvine, Calif., and Renton, Wash.-based Providence Health & Services creates the nation’s third-largest nonprofit health system, with 50 hospitals in seven states.
Formally established on July 1, Providence St. Joseph Health will be based in Renton, as will its Institute of Mental Health and Wellness. California’s attorney general stipulated in approving the merger that the new organization invest $30 million in mental-health work in that state. The remaining $70 million will support efforts in the other states where the medical network operates: Alaska, Montana, New Mexico, Oregon, Texas, and Washington.