Too Many Mercy Liabilities Kill Merger Plan

The negotiation between UT Medical Center and Mercy Health System over a possible merger broke down, effectively ending Mercy’s hope of continuing as it is presently constituted. The merger talks ended primarily because once UT got a look at St. Mary’s liabilities, the hospital feared it would be taking on too much debt and threaten its own future.

Mercy has put all or parts of the medical care organization up for sale. Despite the success of St. Mary’s and the new St. Mary’s North, Mercy is still saddled with the old Baptist Hospital on a downtown riverbank and a West Knox County campus being battered in head-up competition with Covenant Health’s Fort Sanders West.

© 2010 MetroPulse. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Comments » 0

Be the first to post a comment!

Share your thoughts

Comments are the sole responsibility of the person posting them. You agree not to post comments that are off topic, defamatory, obscene, abusive, threatening or an invasion of privacy. Violators may be banned. Click here for our full user agreement.

Comments can be shared on Facebook and Yahoo!. Add both options by connecting your profiles.