Centura Health in Englewood, Colo., and Middle Park Medical Center in Kremmling, Colo., have signed a management agreement.
Effective June 1, Centura will provide a yet-to-be-named CEO to oversee all management and leadership operations of the 25-bed critical access hospital. MPMC's board of directors will still retain governance, ownership and authority over the hospital.
Financial details of the transaction were not disclosed. Bernie Murphy, president of the Kremmling Memorial Hospital District board, which oversees MPMC, said in a statement: "By strategically partnering with Centura Health, we are able to bring our community the resources it needs to deliver optimal healthcare value. The management agreement will strengthen MPMC's system of care and the Centura Health network to ensure we keep care local for generations to come."
Centura, which is sponsored by Englewood, Colo.-based Catholic Health Initiatives and Altamonte Springs, Fla.-based Adventist Health System, controls 15 acute-care hospitals and is affiliated with another nine.
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