North Carolina’s sixth-largest health system, Mission Health, has announced that it has signed a Letter of Intent (LOI) to enter into exclusive discussions to join HCA Healthcare. The deal will reflect both companies long-term vision and commitment to preserve and expand Mission Health’s world-class quality of care within a rapidly consolidating healthcare industry.
HCA Healthcare is one of the nation’s leading providers of healthcare services and uses extensive resources to strengthen hospitals, deliver patient-focused care and guarantee best practice. The LOI is an important, proactive step to ensure Mission Health remains well-positioned to continue to meet the unique needs of western North Carolina as the healthcare environment continues to evolve.
A key component of the proposed agreement is the establishment of a new foundation that will provide substantial annual investments dedicated to improving the health and well-being of the citizens of western North Carolina.
“The Board is confident that HCA Healthcare is the right and best choice for Mission’s team members and providers, its patients and the communities we are privileged to serve,” said Mission Health Board Chair John R. Ball, MD. “We are extremely excited about this unprecedented opportunity to create an even stronger cornerstone of value, access and quality.”
“HCA Healthcare is a leading healthcare operator that offers advantages on a scale that would be difficult, if not impossible, to achieve otherwise,” Dr Ball added. “As important, the newly formed foundation will be life-changing for the residents of our region, providing tens of millions of dollars annually in new support for the most vulnerable.”
Mission Health’s Board Vice Chair, John W. Garrett, MD, said: “When combined with the ability of the newly formed foundation to enhance access in underserved communities and to invest in solving some of healthcare’s most complex and intractable problems – health risks that are beyond the reach of traditional medicine – it’s an ideal opportunity for our community.”
Mission Health is the only health system in North Carolina to be named one of the nation’s Top 15 Health Systems by Truven Health Analytics, an IBM Company, and the only health system in the nation to be named a Top 15 Health System in five of six years.
The health provider operates six hospitals, numerous outpatient and surgery centres, post-acute care provider CarePartners, long-term acute care provider Asheville Specialty Hospital, and is the region’s only dedicated Level II trauma centre.
HCA Healthcare incorporates over 170 locally managed hospitals and approximately 1,800 outpatient facilities, including surgery centres, freestanding ERs, urgent care centres and physician clinics, in 20 states and the United Kingdom.