SSM Health and Noble Health announced today the signing of a Letter of Intent (LOI) to explore a possible transfer of ownership of SSM Health St. Mary’s Hospital – Audrain and associated community medical group practices to Noble Health.
The LOI indicates that SSM Health and Noble Health have entered a period of exclusive negotiation regarding the 100-year-old hospital that SSM Health purchased in 2013. If the diligence process and discussions move forward as anticipated, transfer of ownership could occur by the end of the year.
“This continues a process that began two years ago, when we began evaluating potential opportunities to ensure the long-term sustainability of quality health care in the Mid-Missouri region,” said SSM Health Regional President, Mike Baumgartner. “We have worked closely with local leaders and community members to help shape our progress to this point. Ultimately, our goal is to ensure we do what is best for our employees, providers and the communities we serve.”
Kansas City-based Noble Health is focused on expanding care in rural communities and recently began management of Fulton Medical Center in Fulton
“Noble Health is looking forward to setting out on our mission of being champions of hometown healthcare here in Audrain County,” said Don Peterson, Executive Chairman of the Board at Nobel Health. “We understand how important it is to deliver great care close to home. We’re excited about the potential to be a part of the community and look forward to working SSM to complete this transition to offer the best service to meet this community’s health needs.”
For more, see next week’s edition of the Centralia Fireside Guard.