Partnership

CMC has announced it has signed an Asset Purchase Agreement (APA) following a vote by the Board of Trustees to approve the transaction. The appropriate documents have been filed with the New Hampshire Attorney General’s Office to begin the regulatory review process, which will likely take several months.

Yes. The documents for the filing can be found on the New Hampshire Attorney General’s website.

This is part of CMC’s ongoing strategic planning to determine how best to meet the increasing healthcare needs of Manchester and the surrounding region. To remain the vibrant community partner we are today, we must look smartly toward the future to ensure we are best positioning ourselves to succeed in today’s ever-changing healthcare marketplace. 

CMC has been on a journey to identify a partner that will, first and foremost, support our mission of health, healing and hope and embrace who we are as a Catholic healthcare system. HCA Healthcare’s commitment to utilizing their financial and operational resources to strengthen CMC and our workforce make them an ideal partner to guide us into our next chapter.

Yes. As part of HCA Healthcare, CMC will retain its Catholic identity. We will continue to operate in accordance with Catholic moral teachings and with our mission to carry out Christ’s healing ministry. We will remain a member of the Catholic Health Association and continue to adhere to the Ethical and Religious Directives for Catholic Health Care Services (ERD’s).

The long-term health and wellbeing of our communities remains our top priority and the driving factor in our decision to partner with HCA Healthcare. Our proposed partnership would enable CMC to expand access to high-quality care for individuals and families and help us meet the growing demand for healthcare services in New Hampshire. 

Our proposed partnership would maintain and enhance the richness of Catholic spiritual life within CMC and the community it serves, including the creation of a Catholic foundation, which will be funded with the proceeds from the transaction.

During this process, nothing will change in the day-to-day operations of CMC or how patients receive their care. 

The purchase price is $110 million for substantially all of the assets of CMC.  A number of assets are excluded from the sale and will be retained by CMC to take care of its obligations and the remaining proceeds will benefit the Foundation.  In addition, HCA has committed to invest a projected $200 million in capital improvements to the hospital over the next 10 years.  

During this transition, CMC maintains its commitment to delivering excellent patient care as it has for the past 50 years. As the regulatory process proceeds over the coming months, HCA Healthcare will work with CMC leaders to discuss and finalize its plan to integrate CMC into HCA Healthcare upon a successful closing. Throughout the regulatory review phase and integration planning process, CMC will continue its normal operations. 

Nothing changes today, including the insurance plans CMC accepts. Patients will continue to have access to their current in-network providers without any disruption. As this process continues, we will continue to keep our staff, our patients and our communities apprised of developments.

Mission Health continues to be recognized as a leading healthcare provider by independent ratings organizations that evaluate hospital quality and patient safety. In addition, since 2019, HCA Healthcare has invested more than more than $630 million to upgrade and expand medical services, while adding new members to its medical staff, including key specialists like oncology. HCA has created a webpage dedicated to providing the public with facts about Mission Health. Read more here.

The New Hampshire Attorney General’s Office will engage in the regulatory review process. Our hope is this process will be finalized by the end of the calendar year, and we will close the deal shortly thereafter.