The hospital will be renamed Southeast Health of Ripley County.
As part of the deal, Southeast will assume management of the 30-bed hospital and will pay $350,000 each year to lease the facility. Southeast is also financing a renovation project for the facility as well as funding the purchase of new equipment.
The two groups began exploring an affiliation in August.
Read the release on the Southeast Health and Ripley County Memorial merger.
Read more coverage on Missouri hospitals:
– Missouri Senate President Steps Down to Become Hospital CEO
– University of Missouri to Create Health IT Center
– Missouri Supreme Court Bars Retroactive Use of Malpractice Cap
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