Jefferson Regional, Mercy Sign Letter of Intent to Merge - The Missourian: More News

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Jefferson Regional, Mercy Sign Letter of Intent to Merge

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Posted: Saturday, August 18, 2012 10:00 am | Updated: 2:44 pm, Mon Jun 10, 2013.

Jefferson Regional Medical Center and Mercy have taken a big step forward in plans to partner in caring for communities across Jefferson County and the surrounding region. Following several months of discussion and exploration, the organizations have entered into a formal letter of intent.

The agreement is expected to bring Jefferson Regional into Mercy in the near future. Through the partnership, Mercy and Jefferson Regional aspire to bring more comprehensive, coordinated care to communities throughout the region.

“In May, after reviewing many proposals and offers, Jefferson Regional selected Mercy as the organization we believed offered the best fit for us both culturally and clinically. Our discussions over the summer have only reinforced our confidence in that decision,” said Jeff Buck, interim chief executive officer, Jefferson Regional Medical Center.

“The board of Jefferson Regional sees a partnership with Mercy as a natural progression of their commitment to quality, community-based care, honoring the intentions of community leaders who founded the hospital in 1957,” he said.

The terms of the Letter of Intent include an investment from Mercy, which will be used by Jefferson Regional to establish a new community foundation to support health care and social needs in the community.

Terms also include Mercy’s commitment to significant capital improvements in upgraded and expanded facilities, program enhancements at Jefferson Regional, a commitment to work with the medical staff, and Jefferson Regional representation on the Mercy East Missouri region board.

“We are so pleased to take this next step forward in our relationship with Jefferson Regional,” said Donn Sorensen, regional president for Mercy’s east Missouri region. “While there are customary issues to address during due diligence, what we know is that Mercy and Jefferson Regional share common beliefs in how we treat our co-workers, how we care for our patients and how we serve our communities. We believe these shared principles put us in an ideal place to move forward in anticipation of a strong future together.”

“The opportunity to work in partnership with the leading provider of health care services in Jefferson County, and to envision how we might strengthen and expand health care services within the region, is very exciting,” said Lynn Britton, Mercy president and chief executive officer. “We look forward to a bright future together.”

While the exact timetable for completion is not defined, Jefferson Regional and Mercy expect to complete the transaction within about four to six months, Buck said.

Established as Jefferson Memorial Hospital in 1957, Jefferson Regional Medical Center is a 251-bed, private, not-for-profit hospital in Crystal City managed by a local board of directors. For more information visit www.jhsmo.com.

Mercy is the sixth largest Catholic health care system in the U.S. and serves more than 3 million people annually. Mercy includes 31 hospitals, nearly 300 outpatient facilities, 38,000 co-workers and 1,700 integrated physicians in Arkansas, Kansas, Missouri and Oklahoma.

Mercy also has outreach ministries in Louisiana, Mississippi and Texas.

In the east Missouri region, Mercy’s services include a 979-bed hospital in St. Louis, 187-bed hospital in Washington, and Mercy Clinic, a 525-member multispecialty physician organization.

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