On Wednesday, an agreement for Genesis Health System to join MercyOne, a statewide Iowa health system, is complete.
The news follows a September announcement that MercyOne and Genesis signed a letter of intent to develop a strategic partnership. With today’s closing, all interests and operations of Davenport, Iowa-based Genesis will become part of MercyOne.
The Genesis Health System Board of Directors unanimously selected MercyOne as its choice for a partner after an exploration process that began in December 2021.
Genesis Philanthropy and the Genesis Health Services Foundation will continue to serve the Quad-Cities-area communities. Genesis Health Services Foundation will remain a part of the unified health system. Genesis Philanthropy will operate under a new name, the Better Health Foundation, and will be independent from the health system. Among the commitments made as part of joining MercyOne, Genesis Health System provided the Better Health Foundation with $40 million in funds, ensuring its future as one of the region’s preeminent granting organizations. The Better Health Foundation will be fully operational on July 1, 2023.
Since announcing the letter of intent on September 14, Genesis and MercyOne have taken the necessary steps including regulatory filings to finalize the agreement. As integration efforts continue, patients can expect the same quality care from the providers they know and trust.
MercyOne is a member of Trinity Health, headquartered in Livonia, Michigan. Trinity Health is one of the largest not-for-profit health care systems in the country with 88 hospitals across 26 states. Trinity Health is not affiliated with any Iowa-based entities currently using the name “Trinity” or “Trinity Health.”
Genesis Health System affiliates include Genesis Medical Center, Aledo along with the Genesis Health Group Clinic.