Mercy Health Network (MHN) in Iowa announced that a Letter of Intent for Mercy to acquire Central Community Hospital (CCH), which have had a management relationship for 17 years. The agreement is pending the results of a mutual due diligence period, with the official ownership change set for July 1, 2018.
The agreement is focused on providing long-term sustainability for CCH, as well as stability for the community. Besides strengthening the overall position of the hospital, CCH leaders cite a number of other benefits to being an owned affiliate of MHN. For example, employees will benefit from being part of a larger system, which will provide them enhanced career path options. Patients will also benefit from this new relationship.
“We are committed to enhancing the health and wellness of area residents, so becoming a full affiliate of Mercy Health Network will bring more services and enhanced access for our patients,” said Brooke Kensinger, CEO of Central Community Hospital.
“We are excited to have Central Community Hospital join the Mercy Health Network family. They have a long track record of success and our previous relationship with them has been mutually beneficial,” says Bob Ritz, CEO of Mercy Health Network. “Making them a full affiliate of our network is a good, next step for both of us because it adds value to the access and services we are already providing to Iowans in that part of the state.”