St. Mark’s Medical Center (SMMC), located in La Grange, and Hospital Center of Excellence (HCOE) have signed a term sheet establishing intent to transfer operational control of the hospital to HCOE.
“Over time, the hospital has seen a fundamental shift away from inpatient to outpatient care, making it increasingly difficult to finance an underused hospital asset,” SMMC CEO Mark Kimball said. “Combi…