Thu, Nov 26 2009
|
|
Published July 02, 2009 09:52 pm - Two months after a letter of intent was signed, talks aimed at finding a new parent company for St. John’s Regional Medical Center are still under way. The proposed transfer of ownership, revealed on May 1, would put St. John’s under the umbrella of the Sisters of Mercy Health System, of St. Louis. Negotiations toward new parent company for St. John’s continue By Wally Kennedy
wkennedy@joplinglobe.com Two months after a letter of intent was signed, talks aimed at finding a new parent company for St. John’s Regional Medical Center are still under way. The proposed transfer of ownership, revealed on May 1, would put St. John’s under the umbrella of the Sisters of Mercy Health System, of St. Louis. The transfer could happen as early as September or October. St. John’s has been under the control of Catholic Health Initiatives, of Denver, Colo., since 1996. George Caralis, interim president of St. John’s, on Thursday said: “We are going through what the lawyers call due diligence. People with the Sisters of Mercy have visited us several times now. “They have examined our operation from top to bottom. We are now in the process of negotiating a definitive agreement. That is under way.” Caralis said the procedure is being controlled by a number of lawyers. “They are working through the issues as they come up,” he said. “It has been moving relatively smoothly, with only a few little glitches.” When a fully negotiated agreement is reached, the deal then must be approved by the board of directors at St. John’s, the board of the Sisters of Mercy in St. Louis, the board of Catholic Health Initiatives in Denver, and finally officials with the Roman Catholic Church in Rome. When asked what might happen if an agreement is not reached, Caralis said, “l would rather not do Plan B now.” He characterized the talks as “favorable and doable.” Officials at St. John’s hope the new owner could strengthen St. John’s strategic position in the Joplin market. Last November, St. John’s announced its “Mission Forward” steps in a move aimed at gaining the upper hand on a market struggle that had lasted possibly more than three years. The medical center eliminated about 160 full-time positions and cut programs, with the overall aim of saving $30 million in expenses. The possibility of finding a new parent company was explored at that time. St. John’s was founded under the Sisters of Mercy Omaha Congregation and was part of that group until 1996. The potential new parent company, also Sisters of Mercy, is under the St. Louis Congregation. Both groups have common ancestry in Catherine McAuley, the founder of Sisters of Mercy. St. John’s is the only CHI operation in Missouri. Sisters of Mercy of St. Louis has several regional operations in the area, including Springfield and Fort Scott, Kan. St. John’s, one of Joplin’s oldest continuously operated businesses, is a 367-bed hospital serving 19 counties in Missouri, Oklahoma, Kansas and Arkansas. With 2,300 employees, it is one of Joplin’s largest employers. 
•
Click to discuss this story with other readers on our forums.
More from the Local News section
Hundreds served at churches, shelters in Joplin area Budget cuts, enrollment declines take toll at some Kansas schools PSU planning forums to discuss latest round of Kansas budget cuts |
Print this story
E-mail this story
Post to del.icio.us
Discuss this story
Locals react with dismay to new breast cancer screening guidelines w/ new cancer screening recommendations and American Cancer Society response
 |
 |
: Special Offer For New Subscribers
:
 |
|||||||
|
|||||||
 |
|
|
Published by Newspaper Holding, Inc. 117 East Fourth Street, Joplin, MO 64801 Using our site is your agreement to the terms and conditions. News: news@joplinglobe.com • (417)623-3480 Advertise with the Joplin Globe Copyright © 2006 The Joplin Globe, Joplin, MO All rights reserved. 
|
Popular Business directory links - Joplin Apartments | Joplin Attorneys | Joplin Auto Dealers | Joplin Auto Parts | Joplin Auto Repair | Joplin Beauty Salons | Joplin Car Rental | Joplin Dentists | Joplin Doctors | Joplin Flowers | Joplin Hotels | Joplin Insurance | Joplin Loans | Joplin Mortgages | Joplin Movers | Joplin Pizza | Joplin Realtors | Joplin Restaurants | Joplin Storage | Joplin Tax Preparation | Joplin Travel | Joplin Featured | More...
|
|
Community Newspaper Holdings, Inc. • CNHI Classified Advertising Network • CNHI News Service |
