18 May WHEN AND WHY DID THE MISSION HEALTH BOARD DECIDE TO EXPLORE A SALE TO HCA HEALTHCARE?
Mission Health’s Board continually explores what is best for Mission Health and the health and well-being of the residents of western North Carolina. In that context, the Board has reviewed whether remaining independent is in the best interests of the community every year or so for the past eight years. Government, businesses and payors are demanding that healthcare providers assume more risk and continually reduce costs. As a result, healthcare mergers and acquisitions are taking place across our country and our state at an unprecedented pace and that pace is likely to accelerate even further.
The Mission Board, all of whom are community members who care deeply about ensuring access to high quality care for the people of western North Carolina for generations to come, knew that it was essential that we act from a position of strength to shape our desired future. Given the inevitability of consolidation, we wanted it to be our choice long before we are forced to make one. After a careful and thorough search, the Board is assured that HCA Healthcare is right for our team, patients and communities. It’s from this position of strength that we are able to ensure that our selected choice is as invested as we are in our mission, people, patients, providers and communities.
HCA Healthcare intends to grow here in western North Carolina by investing in increased access to care, expansion of existing and new services and supporting our communities with the creation of a very significant foundation, which would be administered by people in our communities for the people who live in our communities. With tens of millions of dollars to invest annually, the foundation’s potential is life-changing. The Board was also impressed with HCA Healthcare’s nine consecutive years of being designated as one of the “World’s Most Ethical Companies” by the global leader in advancing the standards of ethical business practices, the Ethisphere Institute.