Randy Smart, MD, executive director of the Mark Twain Health Care District, confirmed Adventist’s decision not to draft a proposal to lease the facility during an interview with The Union Democrat Wednesday.
With Adventist out of the running, the healthcare district has three options: sell the hospital, operate independently or finalize a new lease agreement with San Francisco-based Dignity Health, which currently operates MTMC.
Dr. Smart said he believes the board, which is set to reconvene later this month to discuss the issue, will vote either to run the hospital independently or lease it to Dignity.
MTMC’s current lease with Dignity expires Dec. 31, 2019, and the hospital is unable to simply renew the lease under state law.
More than 150 staff members and providers signed a petition in October to remain with Dignity, the report states.
More articles on transactions and valuations:
WVU Hospitals, Garrett Regional Medical Center enter management agreement
McLaren Health Care pursues 2nd acquisition in 2 weeks
Quest finalizes acquisition of Cleveland Clinic laboratory
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
