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HMA to Buy Mercy Health for $525M
Margaret Dick Tocknell, for HealthLeaders Media, July 5, 2011
In a press statement Jeffrey A. Ashin, president and CEO of Mercy Health Partners, said "Through Health Management, our hospitals will be able to invest in their facilities and new technologies, and provide the training needed to ensure Mercy continues to provide the best, most current care available in our communities. For these, and many other reasons, I strongly believe that Health Management Associates is the perfect match for Mercy Health Partners."
The sale means the health system will no longer have an official Catholic affiliation. A name change is also expected for the health system.
In May Catholic Health Partners sold its Pennsylvania hospitals. It still own hospitals in Kentucky and Ohio.
Margaret Dick Tocknell is a reporter/editor with HealthLeaders Media.
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