Cleveland Clinic signed an agreement with Sisters of Charity Health System to fully acquire Mercy Medical Center, a hospital based in southeastern Ohio. The transaction, announced Tuesday (PDF), the terms of which were not disclosed, is expected to be finalized by Feb. 1. It comes as Cleveland Clinic continues to battle lower patient volumes caused by the pandemic. Mercy Medical is a 476-bed facility that serves five counties in southeastern Ohio. It will retain its Catholic identity after the deal is finalized, according to a release.
Read the full article: Cleveland Clinic Makes Deal with Sisters of Charity to Acquire Mercy Medical Center //
Source: https://www.fiercehealthcare.com/hospitals/cleveland-clinic-makes-deal-sisters-charity-to-acquire-mercy-medical-center