Mercy Health of Chesterfield, Mo., and Catholic Health Initiatives have signed a non-binding letter of intent to sell Mercy Hot Springs hospital and physician clinic to CHI.
After the deal, as reported by Arkansas Business, Mercy Hot Springs would be operated as part CHI's affiliate St. Vincent Health System in Little Rock.
The companies hope to have the deal completed by the end of the year. The transaction will require various approvals. Financial terms of the deal were not disclosed.