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Joint Venture with Pontificia Universidad Católica De Chile (PDF)

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Joint Venture with Pontificia Universidad Católica De Chile (PDF) FOR IMMEDIATE RELEASE CHRISTUS Health Chosen to Pursue Exclusive Negotiations with Large Health System in Chile (Dallas – Oct. 1, 2012) – CHRISTUS Health announced today that it has been chosen by Pontificia Universidad Católica de Chile (PUC) in Santiago, Chile, as the sole finalist to pursue negotiations toward a definitive joint venture agreement for the ownership, operation and expansion of PUC’s health network. PUC is a top Chilean university owned by the Catholic Church, whose health network consists of two hospital campuses totaling approximately 600 beds, as well as 11 outpatient centers and a large laboratory and imaging services network, making it one of the largest health systems in Chile. In addition to providing medical services, this network is the main teaching campus of the University’s medical school, recognized as the premier school for the training of medical professionals in Chile and one of the best in Latin America. Over the next few months, CHRISTUS Health and PUC will complete due diligence and negotiations toward a definitive joint venture partnership agreement. “We are honored to be chosen by PUC as the organization they will work with to form an exclusive partnership,” said Ernie Sadau, president and CEO of CHRISTUS Health. “We believe that our international expansion will help us extend our mission around the world, meeting health care needs that are great and deeply felt in Latin America and complement our strong position in the U.S.” “The partnership we create in Chile will also help us diversify our operations, increase long-term sustainability and help CHRISTUS lead the development of new, worldwide health care models,” Sadau said. CHRISTUS Health is one of the few American health systems with a longstanding international presence, having a successful track record operating a joint venture in Mexico since 2001, Grupo CHRISTUS Muguerza, a seven-hospital system in Mexico. CHRISTUS Muguerza has pioneered the development of innovative models of care, including a host of successful outpatient medical clinics (called CAMs), a strategy they implemented in 2001, before these models found success in the U.S. Our long term experience in Mexico makes CHRISTUS an ideal partner who can bring management expertise and strategic planning to the premier UC network in Santiago. Banchile Citi Global Markets and Citigroup Global Markets are acting as exclusive financial advisors to CHRISTUS Health in the negotiations toward a definitive joint venture partnership agreement. “We look forward to the opportunity to answer this calling in Santiago, following the example of our sponsoring congregations in extending the healing ministry of Jesus Christ and strengthening Catholic health care around the world,” Sadau said. ### About CHRISTUS Health CHRISTUS Health, an international Catholic, faith-based, not-for-profit health system, is headquartered in Dallas and is comprised of almost 350 services and facilities, including more than 60 hospitals and long-term care facilities, 175 clinics and outpatient centers and dozens of other health ministries and ventures. CHRISTUS services can be found in 60 cities in Texas, Arkansas, Iowa, Louisiana, Missouri, Georgia and New Mexico in the U.S. and Chihuahua, Coahuila, Nuevo León, Puebla, San Luis Potosí, and Tamaulipas in Mexico. The system employs approximately 30,000 Associates and has over 9,500 physicians on facility medical staffs who provide care and support for patients. CHRISTUS Health is listed among the top ten Catholic health systems in the U.S., and provided more than $313.5 million in total community benefit in Fiscal Year 2011, which equates to more than $858,900 a day in community benefits. About Pontificia Universidad Católica de Chile Pontificia Universidad Católica de Chile is a Chilean university owned by the Catholic Church with more than 25,000 students in undergraduate and graduate programs. It is one of the leading institutions of higher education in the country and in Latin America. According to the 2012 QS Ranking, the university ranks in the first place in Chile and second in Latin America. Through its Faculty of Medicine, PUC operates the premier medical school in Chile where extensive teaching and research take place. The PUC Health Network is one of the largest health systems in Chile, and provides world class care over a broad array of specialized services through its faculty and other aligned physicians, meeting health care needs throughout Santiago with its outpatient facilities, clinics and laboratory services. .
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