UPDATE: Eric Jackson Resigns From Mercy Board in Protest of Sale

by Mark Friedman  on Monday, Apr. 23, 2012 4:10 pm  

Bart Newman, the chairman of the Mercy System Board in Hot Springs, told ArkansasBusiness.com Monday that he, too, was disappointed to see St. Joseph's sold to a for-profit hospital.

"For-profits and non-profits have different missions," he said.

He said most people even didn't know about the move until Monday.

Barb Meyer, a spokeswoman for Mercy, said Monday that the deal wasn't final.

"We're still in discussion, so it premature to say at this point what might happen at the point," she said. "I'm not able to provide any information other than what was in our news release."

St. Joseph's is one of Arkansas' largest hospitals ranked by revenue. For its fiscal year that ended June 30, 2010, it had $645.8 million in patient revenue and net income of $1.8 million. It also had 1,064 employees at the time.



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