Under the deal, 22-bed Clay County Hospital would become part of St. Mary’s Good Samaritan by the end of this year. It would become the third hospital within St. Mary’s Good Samaritan — the original two are Good Samaritan Regional Health Center in Mount Vernon, Ill., and St. Mary’s Hospital in Centralia. St. Mary’s Good Samaritan is a joint venture between St. Louis-based SSM Health Care and Felician Services of Chicago.
Hospital officials said terms of the transaction will not be disclosed. The two organizations began discussions in late 2012 and signed the nonbinding agreement July 11.
St. Louis-based BJC HealthCare currently manages Clay County Hospital, but Clay County actually owns the hospital. In 2011, BJC said Clay County Hospital recorded $19 million in net revenue.
More Articles on Hospital Transactions:
10 Must-Read Stories on Consolidation in Healthcare
Connecticut Attorney General Won’t Reopen Waterbury, Vanguard Joint Venture Review
Community Health Systems to Acquire HMA for $7.6B
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