Catholic Medical Center Exploring Merger with HCA Healthcare
What You Should Know:
– Catholic Medical Center (CMC) has signed a non-binding letter of intent (LOI) to explore partnership with HCA Healthcare. The discussions will evaluate a potential agreement where CMC would join HCA Healthcare.
– The non-binding LOI is the first step in a well-defined and lengthy process that involves further due diligence, negotiation of final terms, and approvals. In the meantime, the excellent healthcare patients receive will continue.
“We have been engaged in a thorough process to identify a partner who will help us ensure the needs of our community will continue to be met now and in the future, without compromising our Catholic identity. We have seen this successful model with HCA Florida Mercy Hospital, an HCA Healthcare Catholic hospital in the Archdiocese of Miami, and are confident in HCA Healthcare’s commitment to ensure CMC will continue to operate as a Catholic hospital in accordance with the ERDs,” said Timothy Riley, Chair of CMC’s Board of Trustees in a statement.
