Public Company Information:
Today, Hospital Corporation of America (HCA), together with Mercy Hospital, announced they had entered into a letter of intent for the sale of the hospital to HCA.Mercy’s board of directors voted to sell the facility to HCA, citing the company’s presence inSouth Florida and consistent provision of quality care.
"This is a wonderful opportunity to allow Mercy to be part of a larger presence in South Florida,while the mission of service to our patients continues," said Manuel P. Anton, III, M.D., President and CEO Mercy Hospital. “Although Mercy now will be part of HCA, it will continue to operate in a manner consistent with the designation as a Catholic hospital, such that the Archbishop of Miami will be able to endorse it as a Catholic Hospital, adhering to the principles of faith with which it has served the community since its founding. Our top priority as always is the care of patients. This will be a seamless process for patients, their families, our associates and physicians.”
The facility, which operates 473 beds, has nearly a 60-year tradition of providing care to residents of Miami and Coral Gables. HCA’s own 42-year history means the transaction brings together two long-term providers with an impressive track record of quality and compassion.
Michael G. Joseph, HCA East Florida Division President, said, “The acquisition of Mercy will nicely complement our existing presence in the area. With facilities in Aventura and Kendall, the addition of Mercy in Miami creates a corridor of care that enables us to better serve the community. We have long admired Mercy’s proud history of quality, compassionate care, and look forward to welcoming it into the HCA network of hospitals.”
Mercy Hospital will retain its name and will continue to serve as a Catholic acute care hospital, owned and operated by HCA. Pending execution of a definitive agreement and receiving customary regulatory approvals, the transaction is expected to close as soon as possible.
All references to “Company” and “HCA” as used throughout this document refer to HCA Inc. and its affiliates.
HCA is a leading hospital provider with more than 160 hospitals and over 100 surgery centers in 20 states and the U.K. The company maintains an unwavering focus on patients and clinical outcomes, investing extensively in quality initiatives. HCA is among the highest performing health systems in the country on CMS core measures, and the company has received national recognition for its efforts to prevent healthcare-acquired infections.
HCA East Florida
HCA’s East Florida Division is a comprehensive network of 12 hospitals, 12 outpatient surgery centers, numerous imaging facilities, an integrated regional laboratory, physician practices, medical education and training programs and a complete continuum of specialized health programs and services that meet the healthcare needs of residents and businesses in the South Florida and Treasure Coast communities. HCA East Florida hospitals cared for more than 1 million patients in 2009, which included 509,365 visits to our Emergency Rooms (ER) and 167,025 hospital admissions. HCA East Florida has over 4,000 physicians on staff and more than 13,000 employees provide the quality foundation for delivering care to our patients safely, effectively and compassionately. Its hospitals are Joint Commission Accredited, with designations such as Accredited Chest Pain Centers, Primary or Comprehensive Stroke Center certification, and a Trauma Center in St. Lucie County.
About Mercy Hospital
Mercy Hospital, a recipient of the prestigious Magnet™ award for nursing excellence, HealthGrades Distinguished Hospital for Clinical Excellence Award™ (2003-2004, 2006- 2010) and HealthGrades Patient Safety Excellence Award™ (2007-2009), is Miami-Dade County’s only Catholic Hospital. Established in 1950, it is a 473-bed acute care hospital, staffed by over 700 physicians representing 27 medical specialties, its Centers of Excellence include: The Heart Center at Mercy Hospital, the Miami Cancer Center at Mercy Hospital, the Orthopedic Institute at Mercy Hospital, and the Minimally Invasive Surgical Institute at Mercy Hospital. Mercy Hospital is located at 3663 S. Miami Avenue, Miami, FL. www.mercymiami.org.