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.
More articles on transactions and valuations:
Texas residents spend 17 days without healthcare facility after hospital shutters
Navicent Health to temporarily manage bankrupt Georgia hospital
Quest Diagnostics completes acquisition of 2 Texas laboratories
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit