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MU Health Care to divest 35% stake in financially struggling Fulton Medical Center

Columbia, Mo.-based MU Health Care is selling 35 percent minority interest in Fulton (Mo.) Medical Center, according to a Columbia Daily Tribune report.

In 2014, MU Health Care and Leawood, Kan.-based NueHealth, which has 65 percent ownership of Fulton Medical Center, purchased the financially-strapped hospital for $6 million.

MU Health spokesperson Mary Jenkins told Columbia Daily Tribune the health system decided to sell its ownership in Fulton Medical Center "after two months of discussion with NueHealth." She added, "our concern is that despite MU Health's investments, the hospital continues to have low inpatient volumes and lose money."

Records indicate Fulton Medical Center shouldered about $12.5 million in uncompensated care since 2015, the report states.

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