Catholic Medical Centre (CMC) in Manchester, New Hampshire, US, has entered an asset purchase agreement with a subsidiary of HCA Healthcare in Nashville, Tennessee.
Catholic Medical Centre, a 330-bed regional health system, filed necessary documents with the New Hampshire Attorney General's Office.
This move follows a non-binding letter of intent signed between CMC and HCA Healthcare in September 2023, indicating a potential integration that respects CMC's Catholic identity.
Commenting on the latest agreement, CMC president and CEO Alex Walker said: "This agreement is the result of months of due diligence, thoughtful negotiations between our organisations and discussion with the local community about how we can best serve them.
"In addition to embracing our Catholic mission, HCA is committed to healthcare excellence, community service and investing in our people and facilities."
The health systems anticipate the regulatory review process to advance over the coming months, although a definitive date for finalising the deal has not been disclosed.
CMC, which has been part of GraniteOne Health since 2017, boasts an affiliated medical staff of over 400 providers and more than 3,000 employees, serving upwards of 180,000 patients annually.
HCA Healthcare has an established presence in New Hampshire, operating three hospitals: Parkland Medical Center in Derry, Portsmouth Regional Hospital, and Frisbie Memorial Hospital in Rochester.
As the regulatory review phase progresses and integration planning continues, CMC will maintain its normal operations.
HCA Healthcare operates three hospitals in New Hampshire.
Last year, HCA Healthcare bought 41 urgent care centres in Texas from FastMed.