Sisters of Mercy, Catholic Health Initiatives Explore Purchase of Missouri Hospital

Chesterfield, Mo.-based Sisters of Mercy Health and Denver-based Catholic Health Initiatives announced that the two health systems have signed a letter of intent to explore purchasing St. John’s Regional Medical Center in Joplin, Mo., according to report from the Springfield News-Leader.

Advertisement

If the purchase goes through, St. John’s would become part of the Mercy network and would be linked to St. John’s Hospitals in Springfield and Lebanon, Mo. The partnership would mean that patients could potentially benefit from the system’s electronic medical records system, allowing patients to access their medical records at either facility, according to the report.

The parties still must conduct due diligence, negotiate a final or “definitive” agreement and secure various approvals before the transfer would be completed, and the process could take the next several months, according to the report. Details regarding the letter of intent had not been disclosed due to confidentiality.

Read the News-Leader’s report about the potential Sisters of Mercy/St. John’s purchase.

At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.

Advertisement

Next Up in Transactions & Valuation Issues

Advertisement

Comments are closed.