First Physicians Capital Group, a for-profit company that provides financial and managerial support to doctors and doctor groups, has sold Johnston Memorial Hospital in Tishomingo, Okla. The hospital is now part of Chesterton, Mo.-based Sisters of Mercy Health System.
First Physicians Capital sells Johnston Memorial
Renamed Mercy Hospital Tishomingo, the 15-bed hospital will be operated and leased by not-for-profit Mercy as a critical-access hospital with two physicians, two physician assistants and a staff of more than 40, according to a Mercy news release.
The land, building and equipment were purchased from Beverly Hills, Calif.-based First Physicians by RSE Enterprises, Ada, Okla., for $1.6 million, said Nancy Corbett, spokeswoman for Mercy.
Mary Owen, who will continue in her role as the hospital's administrator, said in the news release, "Without Mercy and other caring people who were willing to make this happen, there's no telling how long our rural hospital could have survived."
According to the release, Mercy's Oklahoma rural facility lineup now includes Healdton (Okla.) Mercy Hospital, Mercy Hospital El Reno (Okla.), and Mercy Memorial Health Center, Ardmore. Mercy also manages the rural facilities of Mercy Health/Love County Hospital and Clinic in Marietta and Valley View Regional Hospital in Ada.
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