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Via Christi Health Acquires 100% Ownership of Mercy Regional

Mercy Regional Health Center in Manhattan, Kan., is now a full member hospital of Wichita, Kan.-based Via Christi Health.

Mercy Regional had been a 50-50 joint venture between Via Christi and the Memorial Hospital Association. Via Christi now owns 100 percent of the 150-bed hospital, which was formed in 1996 through a merger between The Saint Mary Hospital and Memorial Hospital.

Under the agreement, Via Christi will invest $15.5 million in capital improvements at Mercy Regional, which will be renamed Via Christi Hospital later this year. The capital projects include the expansion of the hospital's outpatient tower. In addition, the MHA will create a nonprofit foundation to improve healthcare services in the county. The foundation was funded in part through the $7 million sale of Mercy Regional's Sunset campus to Kansas State University.

"We are very excited to fully become a part of Via Christi Health and believe this agreement will strengthen our hospital here and the healthcare services we provide in Manhattan and the region," John Broberg, senior administrator of Mercy Regional, said in a news release.

More Articles on Hospital Transactions:
Albemarle Health, Sentara Healthcare Partnership Finalized
Duke LifePoint Completes Wilson Medical Center Joint Venture
Providence Completes Acquisition of Saint John's Health Center

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