As­cen­sion to sell Idaho fa­cil­ity to RCCH Health­Care

Modern Healthcare - - REGIONAL NEWS - —Maria Castel­lucci

The Idaho at­tor­ney gen­eral has blessed the sale of As­cen­sion’s St. Joseph Re­gional Med­i­cal Cen­ter to RCCH Health­Care Part­ners, a for­profit hos­pi­tal chain formed through the merger of Re­gion­alCare and Capella Health­care.

The sale marks the sec­ond an­nounced so far this year by As­cen­sion. In Jan­uary, the Catholic health sys­tem said it would sell Min­istry St. Joseph’s Hos­pi­tal in Marsh­field, Wis., to the Marsh­field Clinic.

As­cen­sion CEO An­thony Ter­signi re­cently told Mod­ern Health­care that the sprawl­ing health­care sys­tem uses a process called “min­istry con­fig­u­ra­tion” to as­sess its port­fo­lio and de­ter­mine if it should sell off any as­sets.

The sale of St. Joseph Re­gional was sub­ject to ap­proval by Idaho At­tor­ney Gen­eral Lawrence Was­den be­cause the fa­cil­ity will be con­verted from not-for­profit to for-profit.

Un­der terms of the deal, St. Louis­based As­cen­sion will do­nate $23 mil­lion to a foun­da­tion formed by the at­tor­ney gen­eral that will ben­e­fit the Lewis­ton, Idaho, com­mu­nity where St. Joseph Re­gional is based. Ad­di­tion­ally, RCCH Health­Care will in­vest $57 mil­lion for up-to-date equip­ment, tech­nol­ogy and am­bu­la­tory-care fa­cil­i­ties over the next five years for St. Joseph Re­gional. The com­pany will also re­tain all em­ploy­ees, which in­clude 120 physi­cians and providers.

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