ASHEVILLE, NC — As of Friday morning the sale of Mission Health to HCA Healthcare is complete.
Effects from the transition, however, could last years.
The biggest change on paper is the change from a non-profit model to the largest for-profit hospital operator in the country. That means taxes will now have to be paid, possibly providing a boost to local economies.
As for the level of care, patients should not expect major changes. HCA agreed to keep all of Mission’s current facilities open as well as continuing clinical services for the next five years. Emergency services will not change for the next decade.
HCA has also agreed, among other investments, to complete the new state-of-the-art Mission Hospital for Advanced Medicine in Asheville, build a new replacement hospital for Angel Medicine Center in Franklin, and build a new 120-bed in patient behavioral health hospital in Asheville.
According to the FAQ on Mission’s Health Forward website, insurance coverage should not be affected by the sale either, with a few exceptions possible.
Officials with Mission have said the transition is not expected to affect most current employees, however some redundancies of certain positions are possible which could lead to a few layoffs.
Proceeds from the $1.5 billion sale go toward establishing the Dogwood Health Trust, a non-profit foundation meant to address the social determinants of health.
Janice Brumit, Chair if the Board of Trustees, told News 13 they are currently working with potential partners to invest the proceeds, but don’t expect to issue any funds until 2020. Once up and running, Brumit said they expect to spend $50-75 million a year on services in Western North Carolina.
Finally, don’t expect to see the Mission signs change anytime soon. According to HCA, the Mission brand will continue to operate under HCA’s management.
Mission has answered many specific questions in their FAQ on the Mission Health Forward website.