Saint Joseph’s Health System in Sandy Springs and Emory Healthcare announced on Aug. 18 that the companies had filed required notice with the State Attorney general signaling its intent to have Emory own a majority share in Saint Joseph’s.
“The proposed arrangement will give Emory Healthcare a majority ownership of Saint Joseph’s, with a 51/49 percentage split, and allow the joint health care system to expand services,” Saint Joseph’s said via press release. “Saint Joseph’s will retain involvement in governance of the JOC, including super majority voting rights on certain issues critical to Saint Joseph’s mission and values. Subject to review by the Catholic Archbishop of Atlanta, Saint Joseph’s Hospital will continue as a Catholic facility sponsored by the Sisters of Mercy.”
Saint Joseph’s said it anticipated announcing a closing date for the deal within 90 days. The hospital said it is not taking media questions at this time.