Catholic Medical Center in Manchester is exploring a possible merger with HCA Healthcare, the large for-profit company that also owns hospitals in Portsmouth, Rochester and Derry, reports New Hampshire Public Radio.
The Manchester hospital announced that it signed a non-binding letter of intent, the first of many steps in a potential deal.
In a news release, Catholic Medical Center said joining HCA would “enhance the immediate and long-term financial viability” of the hospital, while allowing it to maintain its Catholic identity and ethical directives.
Catholic Medical Center would no longer be a nonprofit if it joins HCA, though it would continue to operate as a Catholic hospital, according to a spokesperson. Read more.
