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SSM Health, Quorum Health Sign Letter of Intent to Explore Sale of Jefferson City Hospital
Health systems commit to ensuring continued access to high-quality care in the region
JEFFERSON CITY, Mo., Nov. 10, 2020 – Representatives of SSM Health and Quorum Health Corporation today announced their intent to explore a sale of SSM Health St. Mary’s Hospital – Jefferson City and associated community medical group practices by SSM to Quorum Health.
By signing a Letter of Intent (LOI), the organizations have entered a period of exclusive negotiation regarding the hospital campus that was constructed in 2014. Both parties will begin a due diligence process aimed at ensuring the long-term sustainability of high-quality care in the region, with the goal of reaching a definitive agreement in the second quarter of 2021.
“Quorum Health shares our desire to bring secure, sustainable care to this community. Our conversations with them thus far have been very impressive in terms of their dedication to supporting clinicians, hospital employees and the community,” said SSM Health Regional President Mike Baumgartner. “We have the best interests of our employees, providers and the community at heart, and we are confident that Quorum Health is a strong partner for continuing and deepening service to all.”
Quorum Health is a Tennessee-based health care system with 22 affiliated hospitals across the country, including several facilities in southwest Illinois. The company specializes in operating hospitals in non-urban communities, caring for nearly 2 million patients annually through its hospital affiliates and clinical practices. Quorum is passionate about improving quality and expanding access to services, while empowering local leaders to engage physicians and employees.
“We are honored to explore an acquisition with a system of SSM Health’s caliber,” said Quorum Health President and Chief Operating Officer Marty Smith. “It is clear from early conversations that our organizations share a deep commitment to providing high-quality care and strengthening the communities we serve. We look forward to learning more about the hospital and community as well as the dedicated teams of physicians, nurses and employees that are a vital part of both.”
About SSM Health
SSM Health is a Catholic, not-for-profit health system serving the comprehensive health needs of communities across the Midwest through a robust and fully integrated health care delivery system. The organization’s more than 40,000 employees and 10,000 providers are committed to providing exceptional health care services and revealing God’s healing presence to everyone they serve.
SSM Health St. Mary’s Hospital – Jefferson City has been a part of the Mid-Missouri community since 1905. In 2014, the hospital moved to its new, state-of-the art facility with spacious private rooms, an expanded emergency department, an Outpatient Surgery Center and the Blessed Beginnings Family Birth Center, the premier birthing center for Mid-Missouri. The hospital has been recognized with numerous awards for its unique design based on the latest research in patient safety and efficiency of care. It also regularly receives national recognition for delivering outstanding patient experience.
About Quorum Health
Quorum Health is dedicated to improving health in the communities it serves. With 22 affiliated hospitals across the United States, the company is committed to constantly improving quality and patient experience; helping hospitals and health care professionals meet the unique health care needs of the communities it serves; and to empowering leaders and engaging employees around a shared vision of excellence. Quorum’s affiliated hospitals benefit from clinical and operational collaboration as well as investment in services, physician recruitment, medical technology and equipment necessary to allow patients to receive care close to home.