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Missouri hospital lands last-minute buyer, avoids closure

Fulton (Mo.) Medical Center will no longer close after scoring a buyer less than one week before it was slated to shut down, according to the Columbia Daily Tribune.

Fulton Medical Center, the only hospital in its county, announced plans in July to close. At that time, Fulton Medical Center's owner, Leawood, Kan.-based NueHealth, told Becker's Hospital Review the 37-bed hospital was closing due to low patient volumes, a plant in need of extensive repairs and denial for a certificate of need by the state for an expansion project.

On Friday, EmpowerHMS, a rural hospital operator, announced its purchase of Fulton Medical Center. In a letter to hospital staff, EmpowerHMS said it will implement "groundbreaking and innovative programs targeted at creating revenue streams that will take us beyond sustainability," according to the Columbia Daily Tribune.

EmpowerHMS intends to retain Fulton Medical Center's current employees, according to the report.

More articles on healthcare industry transactions:

Quorum finalizes deal to sell Illinois hospital, marking second divestiture this week
Yale New Haven, Connecticut Children's Medical Center table partnership talks
Carolinas HealthCare, UNC Health Care CEOs: Proposed partnership is not to 'increase clout in negotiations with insurance companies'

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