Mercy, based in Chesterfield, Mo., has signed a letter of intent to make Jefferson Regional Medical Center, Crystal City, Mo., part of the Mercy health system, according to a news release.
The deal could be finalized in four to six months, officials said. Financial details of the transaction—not specifically referred to as an acquisition in the release—weren't disclosed. The proposal's terms include a Mercy investment in Jefferson for the purpose of upgrading the 196-bed hospital, expanding facilities and enhancing programs. Jefferson interim CEO Jeff Buck said the hospital had reviewed many proposals and offers since May.