DENVER (AP) – The University of Colorado Hospital is combining with Poudre Valley Health System’s two hospitals in Fort Collins and Loveland to form University of Colorado Health.

The venture was announced Tuesday. The new combined system says it will have nearly 10,000 employees and annual net revenue of $1.5 billion.

The three hospitals will retain their names: University of Colorado Hospital in the Denver suburb of Aurora, Poudre Valley Hospital in Fort Collins and Medical Center of the Rockies in Loveland.

Bruce Schroffel, president and chief executive of the university hospital, says the new system combines academic and community medicine.

Schroffel will be president and chairman of the board of the new system. Rulon Stacey, president and CEO of Poudre Valley Health System, will be CEO of the new system.

(© Copyright 2012 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)


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