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Mercy-CRMC Reach Affiliation Agreement - KOAM TV 7

Mercy-CRMC Reach Affiliation Agreement

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COFFEYVILLE, KANSAS -

In a special meeting Thursday evening, Coffeyville Regional Medical Center's Board of Directors voted to enter into a letter of intent for affiliation with Mercy Hospital Independence, culminating several months of discussions between the two organizations. The CRMC board also voted to accept a proposal from the City of Independence to offer additional support for the transaction as an incentive for retaining health services in the community.

Mark Woodring, CRMC's chief executive officer, said his board's vote Thursday demonstrates their foresight and strong support of the affiliation, and he was appreciative of the leadership and commitment of the City of Independence to preserve essential service for the residents of Independence. 

"This is a truly special mement in time for all of us as we work together to position our organizations and communities for the future of medicine," Woodring said. "We are excited to build a rural health delivery model in Montgomery County that ensures our patients and families will have continued access to high-quality services for many years to come."

According to Kim Day, interim leader for Mercy Independence, the letter of intent is an "agreement in principle, subject to final approvals" and outlines the transfer of assets of Mercy Hospital Independence to CRMC. The letter addresses governance of the combind entity and sets the stage for making decisions on important operational considerations, such as which health services will be retained on the Independence campus and how co-worker payroll and benefits will be handled.

"This is the starting place," Day said. "From here, the real work begins to prepare a definitive agreement, operationalize the plan and create a transition that is as smooth as possible for our patients, co-workers, providers and communities."

While signing the letter of intent is the first step in the affiliation process, parties expect the transaction to move along fairly quickly, with completion anticipated this fall. More detail related to the agreement will be released as it becomes available.

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