Mosaic reaches final agreement to buy St. Francis Hospital in Missouri

St. Joseph, Mo.-based Mosaic Life Care has reached an agreement to acquire St. Francis Hospital in Maryville, Mo., expanding its rural presence in the state, according to the St. Joseph News-Press.

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Almost one year after selling its network of clinics in the Kansas City region, Mosaic has doubled down on its efforts to establish a foothold in the 41-county service area surrounding St. Joseph. The system will now own two northwest Missouri hospitals outside of St. Joseph.

“It is a tremendous privilege to serve the people of Maryville and surrounding communities,” said Mark Laney, MD, CEO of Mosaic. “It’s our opportunity to broaden the scope of healthcare services to ensure the long-term sustainability of high-quality health care in the area. Accessible and excellent care will remain close to home.”

More articles on transactions and valuations:

Mount Sinai finalizes partnership with South Nassau
Rural Connecticut residents fight hospital merger, cite broken promises by Health Quest
Orlando Health takes over 170-bed Florida hospital

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