No, as of June 30, 2024, BayCare is no longer part of Trinity Health.
While BayCare once had an affiliation with Trinity Health, a significant change in their relationship occurred in mid-2024.
Understanding the Relationship Between BayCare and Trinity Health
Initially, BayCare was established under a Joint Operating Agreement (JOA) in 1997. This agreement involved Trinity, along with MPM and SFBH, playing a role in its formation. For many years, this structure meant a cooperative operational relationship existed between these entities.
The Disaffiliation and Independence
A disaffiliation agreement was reached, leading to the termination of the JOA. This crucial change became effective on June 30, 2024. As a result of this disaffiliation, BayCare transitioned to an independent entity, assuming parent company status over several entities that were previously considered "Trinity's BayCare entities."
This shift signifies a move towards complete autonomy for BayCare, allowing it to operate independently of Trinity Health.
Key Milestones in BayCare's Relationship with Trinity Health
To illustrate the evolution of their relationship, consider the following timeline:
| Event | Date/Status | Description |
|---|---|---|
| Formation of BayCare | 1997 | BayCare was established under a Joint Operating Agreement (JOA) involving Trinity, MPM, and SFBH. This agreement laid the groundwork for a cooperative relationship where Trinity played a role in BayCare's operations. |
| Disaffiliation Agreement | Effective June 30, 2024 | A formal disaffiliation agreement was executed, leading to the termination of the 1997 JOA. This marked the official separation of BayCare from its structural ties to Trinity Health. |
| Current Operational Status | Independent | Following the disaffiliation, BayCare became the parent company of entities that were previously part of Trinity Health's portfolio within the BayCare system. This change positions BayCare as a fully independent healthcare system, responsible for its own strategic direction and operations. For further details on BayCare's current financial standing, you can refer to reports by rating agencies such as Fitch Ratings. |
In summary, while BayCare and Trinity Health shared a long-standing operational agreement, that relationship officially concluded in mid-2024, making BayCare an independent healthcare system.
