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Capella Healthcare, Mercy Health Sign Agreement to Explore Sale of St. Joseph's Mercy

Capella Healthcare in Franklin, Tenn., and Mercy Health in Oklahoma City, sponsor of St. Joseph's Mercy Health System in Hot Springs, Ark., have signed an agreement "in principle" to explore the sale of St. Joseph's Mercy to Capella Healthcare, according to the organizations.

The agreement allows the two organizations to engage in exclusive negotiations toward a definitive agreement. The two organizations will spend the next several weeks engaging physicians, employees and community leaders to help shape an agreement that is best for the region, according to the report.

Due to the nature of the agreement, no further information is currently available.

More Articles on Capella Healthcare:

Valley General Hospital, Capella Healthcare Suspend Partnership Discussions
Capella Closes Hartselle Medical Center in Alabama
Alabama's Huntsville Hospital Signs Definitive Agreement to Acquire Capella's Parkway Medical Center

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