On a chilly morning last month, Darrin Smith, the president and CEO of Pueblo’s Parkview Health System, stood outside the 100-year-old system’s flagship hospital and gazed upon a bundled-up crowd. “This is a wow moment,” he said. “This is a wow moment for Parkview and for the citizens of southern Colorado.” The occasion was to announce that Parkview would no longer be an independent health care system. Instead, with Parkview’s absorption into the UCHealth system, it became the latest example of a trend of consolidation sweeping through the hospital industry, including in Colorado. Both systems are nonprofit, so this was a merger and not a purchase. Terms of the deal were simple:
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