Home > Guthrie News > LMC Board of Trustees Vote to Align with Mercy

LMC Board of Trustees Vote to Align with Mercy

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Logan Medical Center’s (LMC) Board of Trustees voted to enter into a non-binding letter of intent with Mercy Health System of Oklahoma (Mercy), a non-profit, Catholic sponsored healthcare system. This allows the two parties to work exclusively to explore the possibility of a strategic alliance.

In recent months, LMC’s administration, board of trustees, and medical staff have considered a number of options to strengthen and grow the organization, as hospitals around the United States assess how to position themselves in the new healthcare environment.

The letter of intent is developed around core principles that include:

1. Ensuring a long-term commitment to the continued operation of LMC
2. Ensuring a long-term commitment to Logan County, the hospital’s medical staff and employees
3. Providing access to sufficient capital to allow LMC to maintain high quality care for its patients
4. Investing in the capital necessary to pursue growth projects at LMC
5. Continuing the provision of quality health care services to Logan County, including continued and undiminished access for indigent and uninsured patients.

The board engaged Juniper Advisory, an investment banking firm based in Chicago that specializes in healthcare mergers and acquisitions, to conduct a controlled competitive bidding process that yielded proposals from several large hospital systems around the country. After months of thorough analysis the board elected to partner with Mercy. The parties will work together to conduct more detailed due diligence before consummating the relationship sometime this summer.

The goal of the letter of intent is to work toward forming a long lasting strategic alliance with Mercy. “The process has been fair and exhaustive, and I’m excited about the future of joining Mercy Health System. This relationship will ensure that the hospital continues to provide quality health care services in Logan County for years to come,” said Dennis Hunger, Logan Medical Center CEO.

Once the transaction is completed, Logan Medical Center would become the 29th hospital to join Mercy across the four-state region of Oklahoma, Arkansas, Kansas and Missouri.

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Categories: Guthrie News
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