The Sisters of Charity of Leavenworth Health System, Lenexa, Kan., signed a deal to acquire the remaining 50% stake in Exempla Healthcare, Denver, from co-owner Community First Foundation, Arvada, Colo.
The agreement, first announced in December, is expected to close by the end of the year and requires the eight-hospital Sisters of Charity to invest at least $300 million in Exempla and pay $311 million to Community First, formerly the LMC Community Foundation.
Exempla includes 172-bed Exempla Good Samaritan Medical Center, Lafayette, Colo.; 543-bed Exempla Lutheran Medical Center, Wheat Ridge, Colo.; and 436-bed Exempla St. Joseph Hospital, Denver. St. Joseph remained an asset of the Sisters of Charity after the partners formed Exempla in 1997, but is governed and managed under a joint operating agreement. -- by Melanie Evans
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