Mercy Health Partners and Health Management finalize merger

Mercy Health Partners and Health Management finalize merger

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KNOXVILLE (WATE) - Mercy Health Partners and Health Management Associates, Inc. (HMA) have finalized their merger October 1.  The two companies are now known as Tennova Healthcare. 

Florida-based Health Management Associates, Inc. reached an agreement to purchase Knoxville-based Mercy Health Partners in July at a cost of approximately $525 million.

HMA says it will acquire or lease all seven of Mercy's hospitals, including Mercy Medical Center St. Mary's and Mercy Medical Center West in Knoxville, Mercy Medical Center North in Powell, St. Mary's Jefferson Memorial Hospital in Jefferson City, Baptist Hospital of Cocke County in Newport, St. Mary's Medical Center of Campbell County in LaFollette, and St. Mary's Medical Center of Scott County in Oneida.

The acquisition also includes Mercy's ancillary health care operations and the former Riverside hospital campus in South Knoxville.

The use of the new names begins when the transaction is complete. Officials say there will be little to no change to the acquired hospitals, though they will now be considered for-profit. 

HMA was founded in 1977. It operates acute care hospitals throughout the U.S. with an emphasis on the Southeast and Southwest. It currently operates 60 hospitals in 15 states, with 9,000 licensed beds and 8,000 physicians.

 

 

 

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