Sponsored by VMG Health | info@vmghealth.com | 214.369.4888

Ozarks Medical Center, Fulton County Hospital in Missouri to Negotiate Management Agreement

Ozarks Medical Center in West Plains, Mo., and Fulton County Hospital in Salem, Ark., will begin negotiations on a three-year management agreement next week, according to a South Missourian News report.

In September, Fulton County Hospital, which faces at least $1 million in debt, requested that Ozarks Medical Center and Baxter Regional Medical Center in Mountain Home, Ark., present management proposals. Ozarks Medical Center declined to make a management offer at the time, citing lack of time in creating a proposal. Baxter Regional offered to manage the hospital for two years before entering into a long-term lease agreement, but Fulton County Hospital rejected that offer.

Beginning next week, Ozarks Medical Center will manage Fulton County Hospital's daily operations on an interim basis for 60 days without any management fees, during which time the two organizations will discuss a three-year management agreement.

Related Articles on Hospital Partnerships:

Rush University Medical Center to Partner With DuPage Medical Group on Cancer Care
Colorado's Memorial Health System Attracts 5 Suitors for Lease Deal
Ohio State University Medical Center, Memorial Hospital of Union County Expand Partnership for Cardiac Services

Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

 

Featured Whitepapers

Featured Webinars