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CHI, Dignity merge to form largest not-for-profit hospital system

Hospital systems Catholic Health Initiatives and Dignity Health are merging. Photo: Jordangruener / Wikimedia Creative Commons

Catholic Health Initiatives and Dignity Health have agreed to merge into the nation's largest not-for-profit health system, pending antitrust and church approval. The combined health system will create new headquarters in Chicago and rename itself by next year.

Why it matters: The merger has been in the works for months and will create a behemoth not-for-profit, Catholic-based system that will own 139 hospitals in 28 states and control more than $28 billion of revenue — making it bigger than companies like McDonald's or Macy’s.

Context: CHI and Dignity have been losing money on patient care, but have reaped big gains from Wall Street, like other not-for-profit giants. The merged system likely will strip out costs and gain negotiating power over private health insurers.

Haley Britzky 11 hours ago
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Zuckerberg happy to testify if it is "the right thing to do”

A portrait of Facebook founder Mark Zuckerberg
A portrait of Facebook founder Mark Zuckerberg. Photo: Jaap Arriens / NurPhoto via Getty Images

Facebook CEO Mark Zuckerberg said he would be "happy" to testify before Congress if it was "the right thing to do," in an interview with CNN's Laurie Segall.

Why it matters: Facebook has been under the microscope lately for what Zuckerberg called earlier today the "Cambridge Analytica situation." Zuckerberg said if he was the "person...who will have the most knowledge," then he'd be the one to testify in the face of Facebook's data-collection situation.

Shannon Vavra 4 hours ago
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What it's like to negotiate with North Korea

Cups and a weapon.
Illustration: Sarah Grillo / Axios

President Trump may find himself in a difficult position as soon as he sits down with Kim Jong-un, according to Jim Walsh, who has been in the room for previous talks and says North Korea’s first pitch is often a curveball.

“I’ve been in settings [in which they] set it at the top of the meeting, ‘we’re not going to talk about denuclearization,’" Walsh told Axios. "People on the other side say ‘why the hell are we meeting?’”