Sisters Of Mercy To Invest $192 Million Or More In Arkansas
by August 24, 2011 7:00 pm 66 views
The St. Louis-based Sisters of Mercy plan to invest about $192 million into its St. Edward Mercy health care facilities in the Fort Smith region as part of a 10-year plan to invest $4.8 billion in its operations in Arkansas, Kansas, Missouri and Oklahoma.
Construction of a more than $8.1 million primary clinic on Dallas Street in Fort Smith near the Mercy Fitness Center, completion of the off-again, on-again orthopedic hospital began by River Valley Musculoskeletal Center, and a $500,000 investment in Mercy’s operation in Waldron are included in the package of regional capital projects.
Arkansas is set to capture about $400 million of the overall investment, said St. Edward Mercy CEO Jeff Johnston — who will be leaving Sept. 1 to be the CEO of the Mercy System flagship hospital in St. Louis.
Investments in the Fort Smith region, partially driven by a “community roundtable” process that gathered public input, focus primarily on improving facilities and increasing the number of doctors in the region.
Michael Tilley with our content partner, The City Wire, is reporting on the announcement, which was made Thursday evening. Click here to read updates on his report.