Jones Day has acted as Antitrust counsel to Mercy Health, Inc. in its acquisition of Saint Anthony Medical Center, the third largest hospital in the St. Louis metropolitan area.
The two organizations announced in February they were entering a definitive agreement for an affiliation and have since been finalizing details. Under the terms, St. Anthony’s becomes Mercy’s fifth acute care hospital in the greater St. Louis region and the third largest hospital across Mercy’s four states.
With the affiliation complete, Mercy will begin its community roundtable listening tours which have become a tradition when it enters a new service area. These events typically include business and civic leaders, physicians, elected officials and other community representatives, who are invited to gather with hospital leaders to help determine next steps in the community master planning process.
The blessing of transition will be marked in September with a celebration including representatives from both organizations as well as the Archdiocese of St. Louis.
Mercy, named one of the top five large U.S. health systems in 2017 by Truven, an IBM Watson Health company, serves millions annually. Mercy includes 44 acute care and specialty (heart, children’s, orthopedic and rehab) hospitals, more than 700 physician practices and outpatient facilities, 40,000 co-workers and more than 2,000 Mercy Clinic physicians in Arkansas, Kansas, Missouri and Oklahoma. Mercy also has outreach ministries in Arkansas, Louisiana, Mississippi and Texas.
St. Anthony’s Medical Center, the third largest medical center in the St. Louis metropolitan area, cares for families across a multi-county region in Missouri and southwest Illinois. St. Anthony’s services are provided by 3,500 employees and nearly 670 medical staff members, including a 176-member physician organization. St. Anthony’s also operates four urgent care facilities, located in Arnold, Fenton, Lemay and Kirkwood.
Jones Day has advised Mercy Health, Inc. on the deal with a team led by Kenneth Field.
Involved fees earner: Kenneth Field – Jones Day;
Law Firms: Jones Day;
Clients: Mercy Health, Inc.;