May 2009

Letter of Intent Signed for Proposed Transfer of St. John’s

CHI and the Sisters of Mercy Health System signed a letter of intent to formally explore a proposed transfer of sponsorship of St. John’s Regional Medical Center, Joplin, MO, from CHI to Mercy. The parties still must conduct due diligence, negotiate a final agreement and secure various approvals. These negotiations are expected to be completed during the next several months. The Sisters of Mercy Health System, headquartered in St. Louis, operates 19 acute care hospitals as well as physician practices, outpatient clinics, health plans and related health and human services in a seven-state area.