Carondelet Health, a part of the Ascension hospital chain, said Tuesday that it had signed a definitive agreement to sell its two Kansas City area hospitals to Prime Healthcare Services.
St. Joseph Medical Center in Kansas City and St. Mary’s Medical Center in Blue Springs will become part of the for-profit Prime hospital chain, subject to regulatory approval.
The terms of the sale, originally announced in July, remain confidential.
Three Carondelet Health long-term-care facilities — Carondelet Manor, Villa Saint Joseph and St. Mary’s Manor — and the two hospitals’ charitable foundations will remain part of Ascension and are not included in the sale agreement. The parties have given no official word about what will happen to the assets of the hospital foundations.
“This agreement strengthens the ministry and ensures that its caring associates and physicians will be able to continue to meet the health care needs of the community,” said Robert J. Henkel, chief executive officer of Ascension Health, in a news release. “Ascension will continue to serve this community by providing senior services as part of Ascension Health Senior Care.”
Prem Reddy, CEO of Prime Healthcare, said his company “understands the value these hospitals bring to their communities, and we intend to help the hospitals provide residents with the high quality health care they deserve.”
The two Carondelet hospitals are approved for 450 beds and have 900 physicians on their combined staffs.
Ascension is a not-for-profit Catholic health care organization based in St. Louis.
The Prime chain employs more than 30,000 and operates 27 hospitals in seven states — California, Michigan, Nevada, Pennsylvania, Rhode Island, Texas and Kansas.
It previously acquired Providence Medical Center in Kansas City, Kan., and St. John Hospital in Leavenworth.