Hopkins County Memorial Hospital Board of Directors has announced the selection of CHRISTUS Health as its proposed partner in the ongoing management and operation of the hospital. The organizations have signed a non-binding letter of intent, taking the first step toward finalizing their relationship.
When the deal is completed, CHRISTUS Health will acquire the majority share of and will manage the hospital, clinic, and related entities. The Hopkins County Health District will retain a minority ownership of the hospital.
“We are excited about the opportunity to partner with CHRISTUS Health,” said Michael McAndrew, CEO, Hopkins County Hospital District. “After a substantial process to find the right partner that shares our commitment to our patients and community, we are confident CHRISTUS Health will enable us to continue and improve upon this commitment and further enhance our mission. CHRISTUS Health has a strong foundation and shared values which will strengthen the delivery of care locally while providing an established system that will prepare Hopkins County Memorial Hospital for future health care delivery models.”
The next step is to complete the due diligence phase and finalize the partnership agreement, which is expected to happen in as little as 90 days. However, working through the partnership process may run longer due to a variety of related factors. CHRISTUS Health and the Hopkins County Hospital District will form a new corporation that will own and operate the hospital and clinic. It is anticipated that CHRISTUS Health will own at least a 51% share of this organization, and will manage Memorial Hospital and Clinic. The County hospital district will maintain around a 49% ownership of the hospital. In return for its ownership interest, CHRISTUS is making a major commitment to co-lead the future of Memorial Hospital and Clinic, which includes investments in the facilities, their services, and the communities they serve.
“This partnership not only brings together two health systems focused on serving their communities, but we believe that it will also ensure that Hopkins County Memorial Hospital District continues its mission of healing the people of Hopkins County,” said Ernie Sadau, CEO of CHRISTUS Health. “We are excited about welcoming the hospital and the community into the CHRISTUS family and expanding the reach of high quality, compassionate health care already provided here.”
Click for story: CEO Sadau introduced CHRISTUS to those present at the special Board Meeting Friday.
CHRISTUS is also looking for ways to strengthen its health care presence in East Texas. The system has facilities located in Texarkana, Houston, and Beaumont.
When a final agreement is reached, the partners will work together to continually identify new opportunities to serve, innovate and enhance the health care provided throughout the Hopkins county area.
CHRISTUS Health, an international Catholic, faith-based, not-for-profit health system sponsored by the Sisters of Charity of the Incarnate Word of Houston and San Antonio, is headquartered in Dallas and is comprised of almost 350 services and facilities, including more than 60 hospitals and long-term care facilities, 175 clinics and outpatient centers and dozens of other health ministries and ventures. CHRISTUS services can be found in 60 cities in six states in the U.S., seven states in Mexico, and one state in Chile. The system employs approximately 30,000 Associates and has over 9,500 physicians on facility medical staffs who provide care and support for patients.
Hopkins County Memorial Hospital, a 96 bed facility, has served the citizens of Hopkins County since 1949. Memorial Hospital is dedicated to providing medical care to the 30,000 residents who live within the 800 square miles of Hopkins County and neighboring counties. Our vision is to be the leader in Northeast Texas by offering high quality hospital physician services that meet the healthcare needs of our region and that our patients will recommend to others. Memorial Hospital and Clinic employ over 700 employees and has over 40 physicians providing care for our patients.
http://www.christushealth.org
