TITLE

Another Catholic sell-off: HMA to acquire Mercy Health Partners-Tenn

AUTHOR(S)
McKinney, Maureen
PUB. DATE
July 2011
SOURCE
Modern Healthcare;7/4/2011, Vol. 41 Issue 27, p16
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses the agreement for the acquisition of Mercy Health Partners-Tennessee by Health Management Associates (HMA). The deal involved the sale of the seven-hospital system subsidiary of Cincinnati's Catholic Health Partners (CHP) for 525 million dollars, inclusive of provisions for working capital adjustments and the arrogation of certain long-term lease liabilities. It followed CHP's sale of three Catholic hospitals in Pennsylvania to Community Health Systems.
ACCESSION #
62572551

 

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