The deal between Butler Health System and Excela Health is now official.
According to a press release, the two groups announced that they have finalized the transaction and are now integrated into one health system.
Ken DeFurio, who served as Butler Health System’s CEO, will also hold that title for the new entity—which is expected to be named in a few weeks.
“This was the crucial final step in bringing the two organizations together,” DeFurio said in a statement. “Over the past year, both boards invested an immense amount of work, time , and energy to determine if this merger made sense. We now look forward to implementing the opportunities that we’ve identified and discovering new ones.”
Former Excela CEO John Sphon will be retiring in March, but will stay on with the organization in an advisory capacity for a few months to help with the transition.
The new health system will employ around 7,300 people, with over 1,000 physicians and practitioners.
Leaders for the organization say they will have a news conference soon to discuss more details.
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