Jefferson Regional Medical Center in Crystal City, Mo., and Chesterfield, Mo.-based Mercy have entered into a formal letter of intent for a partnership.
The agreement is expected to bring Jefferson Regional into Mercy. According to the release, the terms of the LOI include an investment from Mercy, which will be used by Jefferson Regional to establish a new community foundation to support healthcare and social needs in the community. Terms also include Mercy's commitment to significant capital improvements to upgrade and expand facilities, program enhancements at Jefferson Regional, a commitment to work with medical staff and Jefferson Regional representation on the Mercy East Missouri region board, according to the release.
The organizations expect to complete the transaction within four to six months, although the exact timetable is not defined.
Huggins, Wentworth-Douglass Hospitals in New Hampshire to Collaborate
The agreement is expected to bring Jefferson Regional into Mercy. According to the release, the terms of the LOI include an investment from Mercy, which will be used by Jefferson Regional to establish a new community foundation to support healthcare and social needs in the community. Terms also include Mercy's commitment to significant capital improvements to upgrade and expand facilities, program enhancements at Jefferson Regional, a commitment to work with medical staff and Jefferson Regional representation on the Mercy East Missouri region board, according to the release.
The organizations expect to complete the transaction within four to six months, although the exact timetable is not defined.
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