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Catholic Health Initiatives Completes Mercy Hot Springs Acquisition

Mercy Hospital Hot Springs (Ark.) is officially part of Englewood, Colo.-based Catholic Health Initiatives, as CHI and Chesterfield, Mo.-based Mercy have signed a definitive acquisition agreement.

Terms of the deal were not disclosed. The 282-bed Mercy Hospital Springs and its physician clinic are now part of CHI's St. Vincent Health System, based in Little Rock, Ark. The hospital's new name is St. Vincent Hot Springs, and Thomas Fitz has been named interim president.

Mercy and CHI signed a letter of intent to transfer ownership of St. Vincent Hot Springs this past October. Mercy originally tried to sell its Hot Springs hospital to Franklin, Tenn.-based Capella Healthcare, but challenges from the Federal Trade Commission and Vatican squashed the deal.

CHI operates 87 hospitals nationwide, while Mercy includes 33, according to their latest statistics.

More Articles on Hospital Transactions:
20 Statistics on Hospital Transactions by Bed Count
California Company to Purchase Bankrupt Fairmont General Hospital
Mercy Health, McCullough-Hyde Memorial Call Off Affiliation

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