Healthcare ownership and management company Community Partners, Tulsa, Okla., will buy and operate 45-bed Siloam Springs (Ark.) Memorial Hospital and will partner with the city to build a new facility, according to the city administrators office. A representative for Community Partners was not available at deadline, but the companys Web site said it works with smaller hospitals in rural markets to help them sustain growth. The city of Siloam Springs has a population of about 14,000.
We were looking for a partner that could financially offer to build the new facility that we desperately need, while being a good fit for our community and having ties to the area, said David Cameron, city administrator for Siloam Springs, in a news release about the purchase. The Siloam Springs board of directors is scheduled to meet Dec. 18 to consider the contract agreement, and the deal is expected to close by late January or early February of next year. Financial details will not be available until the board meeting because of a confidentiality agreement, according to a spokeswoman for the city of Siloam Springs.
All employees will be invited to continue working under the new owner, and possible construction sites are being considered, according to the news release. -- by Jessica Zigmond
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