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BJC acquires Missouri hospital from Capella

BJC HealthCare, a nonprofit system based in St. Louis, has finalized an agreement to purchase Farmington, Mo.-based Mineral Area Regional Medical Center from Capella Healthcare, based in Franklin, Tenn.

Under the agreement, MARMC will operate as part of BJC's Parkland Health Center, which is also located in Farmington.

"This is good news for our community in this time of unprecedented change and increasing healthcare costs," said Tom Karl, president of Parkland Health Center. "Combining these organizations will improve our financial stability which is necessary to continue providing exceptional care to patients living in our community."

BJC signed the agreement to acquire MARMC in February.

More articles on healthcare transactions:

26 hospital transactions and partnerships in April
For-profit vs. nonprofit: A breakdown of hospital deals over the past 5 years
3 reasons hospitals are avoiding mergers and choosing to affiliate instead

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