SSM Health and Noble Health are announcing that they have signed a Letter of Intent to explore a possible transfer of ownership for the hospital in Mexico.
In a story that KXEO News broke yesterday (Tuesday) the Letter of Intent indicates that SSM Health and Noble Health have entered a period of exclusive negotiation regarding the 100-year-old hospital that SSM Health purchased in 2013.
If the Due Diligence process and discussions move forward as anticipated, transfer of ownership could happen by the end of the year.
Noble Health is based in Kansas City and recently began management of the Fulton Medical Center.
Below is a copy of the joint news release:
Organizations committed to ensuring high-quality health care for the region
MEXICO, MO, July 14, 2020 – SSM Health and Noble Health announced today the signing of a Letter of Intent (LOI) to explore a possible transfer of ownership of SSM Health St. Mary’s Hospital – Audrain and associated community medical group practices to Noble Health.
The LOI indicates that SSM Health and Noble Health have entered a period of exclusive negotiation regarding the 100-year-old hospital that SSM Health purchased in 2013. If the diligence process and discussions move forward as anticipated, transfer of ownership could occur by the end of the year.
“This continues a process that began two years ago, when we began evaluating potential opportunities to ensure the long-term sustainability of quality health care in the Mid-Missouri region,” said SSM Health Regional President, Mike Baumgartner. “We have worked closely with local leaders and community members to help shape our progress to this point. Ultimately, our goal is to ensure we do what is best for our employees, providers and the communities we serve.”
Kansas City-based Noble Health is focused on expanding care in rural communities and recently began management of Fulton Medical Center in Fulton, Mo. They recently shared plans for increasing and improving services in that community.
“Noble Health is looking forward to setting out on our mission of being champions of hometown healthcare here in Audrain County,” said Don Peterson, Executive Chairman of the Board at Noble Health. “We understand how important it is to deliver great care close to home. We’re excited about the potential to be a part of the community and look forward to working with SSM Health to complete this transition to offer the best service to meet this community’s health needs.”
About SSM Health St. Mary’s Hospital – Audrain
SSM Health is a Catholic, not-for-profit health system serving the comprehensive health needs of communities across the Midwest through a robust and fully integrated health care delivery system. The organization’s more than 40,000 employees and 10,000 providers are committed to providing exceptional health care services and revealing God’s healing presence to everyone they serve.
SSM Health St. Mary’s Hospital – Audrain opened in 1918 as Audrain Medical Center and became of a part of the SSM Health system in 2013. Today, the 70-bed community hospital offers a range of services including emergency care, cardiology services, medical imaging, orthopedics, a senior care unit, surgical services and a nationally-recognized cancer screening program. The hospital regularly receives national recognition for its commitment to patient safety and quality.
About Noble Health
Headquartered in Kansas City, Mo., Noble Health Corporation is on a mission to move community healthcare forward by bringing the right resources, technologies and providers right into the heart of the community. With an innovative approach that both localizes and personalizes the care that is provided, Noble Health is able to positively impact the health of the community by addressing the specific health needs of residents. Noble Health is led by Tom Carter, a public policy advocate who worked with Senator Roy Blunt in Missouri and Washington DC for more than 25 years and Don Peterson, founder of IVX Health, who will focus exclusively on strategy and portfolio growth.
For more information, visit us at noblehealthcorp.com/.