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November 29, 2015 12:47 AM ET

Healthcare Providers and Services

Company Overview of Dignity Health

Company Overview

Dignity Health owns and operates healthcare facilities in California, Arizona, and Nevada. The company provides inpatient, outpatient, sub-acute, and home healthcare services, as well as physician services through Dignity Health Medical Foundation and other affiliated medical groups. It also offers occupational health and urgent care services. The company was formerly known as Catholic Healthcare West and changed its name to Dignity Health in January 2012. Dignity Health was founded in 1986 and is headquartered in San Francisco, California.

185 Berry Street

Suite 300

San Francisco, CA 94107

United States

Founded in 1986

53,664 Employees



Key Executives for Dignity Health

Chief Executive Officer, President and Director
Age: 64
Chief Financial Officer and Executive Vice President
Age: 62
Director and President of Sisters for Mercy Auburn Regional Community
Co-Chief Operating Officer and Executive Vice President
Co-Chief Operating Officer and Executive Vice President
Compensation as of Fiscal Year 2015.

Dignity Health Key Developments

Dignity Health and Kaiser Permanente Agrees to Joint Ownership of St. Joseph's Medical Center in Stockton

Dignity Health and Kaiser Permanente have agreed to joint ownership of St. Joseph's Medical Center in Stockton. Dignity Health will keep an 80% ownership interest in the hospital and related operations. Kaiser will buy a 20% interest. The deal is expected to close in mid-2016. The agreement creates an unusual partnership that could bolster a hospital in a challenging market, stabilize volume for Dignity Health and allow Kaiser to make a long-term investment in an existing hospital rather than building one itself. Dignity Health will keep responsibility for day-to-day hospital operations and staff, but the hospital will be governed by a joint board of directors. Dignity Health will have four seats on the board. Kaiser, three. Kaiser doctors will join the medical staff at St. Joseph's and care for Kaiser patients there.

Dignity Health Announces Earnings Results for the Fiscal Year Ended June 30, 2015

Dignity Health announced earnings results for the fiscal year ended June 30, 2015. For the year, the company reported net income of $558 million compared to $885 million in 2014. Operating income totaled was $423 million on $12.4 billion in revenue, compared to $288 million in fiscal year 2014. Officials attributed the increase in operating income to a 4% increase in patient volume during the fiscal year, and recognition of 18 months of California Provider Fee funds covering the fiscal year 2015 year and half of fiscal year 2014. Investment earnings totaled $178 million, down from the prior year as a result of market fluctuations.

Tenet Healthcare Corporation, Dignity Health and Ascension Form Joint Venture to Own and Operate Carondelet Health Network in Arizona

Tenet Healthcare Corporation, Dignity Health and Ascension have finalized a joint venture to own and operate Carondelet Health Network based in Tucson, Arizona. Tenet is the majority partner in the new joint venture and will manage the operations of the network’s three hospitals, two physician groups, outpatient and ambulatory services, as well as other affiliated businesses in Tucson and Nogales, Arizona. Dignity Health and Ascension have minority interests in the partnership. The facilities in the new partnership include St. Joseph’s Hospital (486 beds) in Tucson, St. Mary’s Hospital (400 beds) in Tucson, Holy Cross Hospital (25 beds) in Nogales, Carondelet Heart & Vascular Institute at St. Mary’s Hospital, Carondelet Neurological Institute at St. Joseph’s Hospital, Carondelet Medical Group, Carondelet Specialist Group. Carondelet’s services also include imaging centers and other ambulatory services and ancillary businesses. The joint venture will maintain Carondelet’s Roman Catholic heritage and identity through an agreement with the Diocese of Tucson. Additionally, Carondelet’s existing charity care policies will remain in place.

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