MU Health Care, Nueterra buys Callaway Community Hospital

2 years 9 months 2 weeks ago Thursday, December 04 2014 Dec 4, 2014 Thursday, December 04, 2014 7:12:00 PM CST December 04, 2014 in News
By: Vilma Obando, KOMU 8 Reporter
loading

FULTON - More Fulton residents will now have the opportunity to get health care services done at the Callaway Community Hospital.

On Thursday, the University of Missouri Health Care and Nueterra, the largest privately-held organization in the United States specializing in developing equity partnerships with health systems, have purchased the Callaway Community Hospital. The partnership will provide funding for improvement projects in the 37-bed hospital.  

"By us stepping in and keeping the facility viable, that improves costs and access to services," Mitch Wasden, MU Health Care CEO and COO, said.  

Wasden said renovations planned over the next several months will improve its efficiency through new technologies and service lines. Some changes will include adding more general surgery rooms for specialties like orthopedics. Under the new MU Health Care and Nueterra partnership, the hospital will continue to provide short-term medical treatment and outpatient services through residency programs.

The hospital will be operated by Nueterra, which will own approximately 65%; MU Health Care will own approximately 35%. MU Health Care is paying $1.15 million in cash from operating reserves for its share of the investment. In addition, the University of Missouri will provide debt guarantees of approximately $2.75 million to support funding for capital improvements. MU Health Care will collaborate on running the facilities and making sure it is bringing and keeping services in the city of Fulton

"We will be investing in the facility so that people that get their services there today can continue to.  But as we make investments in the facilities, the hope is that we can add additional services. So I think you have people today who maybe traveling to other cities for their health care, and we would like to keep them in Fulton, so they don't have to travel so far," Wasden said. 

For 40 years, the Callaway Community Hospital trained MU residency medical students.

 

 

More News

Grid
List
FULTON – Former presidential candidate and U.S. Senator Bernie Sanders is coming to Fulton for Westminster College’s Hancock Symposium. ... More >>
3 hours ago Tuesday, September 19 2017 Sep 19, 2017 Tuesday, September 19, 2017 3:16:00 AM CDT September 19, 2017 in News
COLUMBIA - The city council will vote on Columbia's 2018 fiscal year budget Monday night after a work session and... More >>
8 hours ago Monday, September 18 2017 Sep 18, 2017 Monday, September 18, 2017 10:33:00 PM CDT September 18, 2017 in News
COLUMBIA – With fall just days away, farmers preparing to harvest have been met with an uncommonly dry period of... More >>
11 hours ago Monday, September 18 2017 Sep 18, 2017 Monday, September 18, 2017 7:27:00 PM CDT September 18, 2017 in News
COLUMBIA - Taylor Burks took over as Boone County Clerk seven weeks ago and has since released his 2018 budget... More >>
11 hours ago Monday, September 18 2017 Sep 18, 2017 Monday, September 18, 2017 7:27:00 PM CDT September 18, 2017 in News
COLUMBIA – A new facility for veterans will allow access to more supportive services. On Tuesday the non-profit Welcome... More >>
13 hours ago Monday, September 18 2017 Sep 18, 2017 Monday, September 18, 2017 5:12:00 PM CDT September 18, 2017 in News
KANSAS CITY (AP) — Prosecutors say a former Internal Revenue Service employee has admitted filing false tax returns. The... More >>
14 hours ago Monday, September 18 2017 Sep 18, 2017 Monday, September 18, 2017 3:47:00 PM CDT September 18, 2017 in News
COLUMBIA - As the City of Columbia expands, so does the need for electric power. But the issue on how... More >>
15 hours ago Monday, September 18 2017 Sep 18, 2017 Monday, September 18, 2017 3:37:00 PM CDT September 18, 2017 in News
DELTA (AP) — Court records say a man charged with setting fire to a southeast Missouri bar posted eight pictures... More >>
15 hours ago Monday, September 18 2017 Sep 18, 2017 Monday, September 18, 2017 3:28:54 PM CDT September 18, 2017 in News
COLUMBIA - A nationwide training initiative began Monday at Columbia’s IBM building that certifies veterans in the use of IBM... More >>
16 hours ago Monday, September 18 2017 Sep 18, 2017 Monday, September 18, 2017 2:14:00 PM CDT September 18, 2017 in News
COLUMBIA - The city of Columbia has approved a plan to build sidewalks along the Clark Lane West/Hinkson Creek connector.... More >>
16 hours ago Monday, September 18 2017 Sep 18, 2017 Monday, September 18, 2017 1:45:00 PM CDT September 18, 2017 in News
COLUMBIA - Columbia Public Health and Human Services (PHHS) will not be offering nasal sprays as a part of their... More >>
18 hours ago Monday, September 18 2017 Sep 18, 2017 Monday, September 18, 2017 12:09:00 PM CDT September 18, 2017 in News
COLUMBIA - KOMU 8 General Manager Marty Siddall is retiring after leading the station's operations for 18 years. “I... More >>
19 hours ago Monday, September 18 2017 Sep 18, 2017 Monday, September 18, 2017 11:08:00 AM CDT September 18, 2017 in News
JEFFERSON CITY - Jefferson City police arrested a second suspect in the Halloween 2016 shooting death of Terrance Davis. ... More >>
20 hours ago Monday, September 18 2017 Sep 18, 2017 Monday, September 18, 2017 9:57:00 AM CDT September 18, 2017 in News
COLUMBIA - IBM is working in conjunction with Corporate America Supports You, or CASY, to host a week long training... More >>
22 hours ago Monday, September 18 2017 Sep 18, 2017 Monday, September 18, 2017 8:01:00 AM CDT September 18, 2017 in Top Stories
ST. LOUIS (AP) — The Latest on protests over the acquittal of a white former St. Louis police officer in... More >>
1 day ago Monday, September 18 2017 Sep 18, 2017 Monday, September 18, 2017 1:16:00 AM CDT September 18, 2017 in Top Stories
GLASGOW - The Glasgow High School softball and baseball teams rallied together Tuesday night to support a good cause. ... More >>
1 day ago Sunday, September 17 2017 Sep 17, 2017 Sunday, September 17, 2017 11:00:00 PM CDT September 17, 2017 in Sports
SEDALIA - The Sedalia Police Department is getting a new building to replace the current one, which is more than... More >>
1 day ago Sunday, September 17 2017 Sep 17, 2017 Sunday, September 17, 2017 5:56:00 PM CDT September 17, 2017 in Top Stories
COLUMBIA - The Worley Street Roundtable met Sunday afternoon to share ideas on how to better the Columbia community. ... More >>
1 day ago Sunday, September 17 2017 Sep 17, 2017 Sunday, September 17, 2017 5:38:00 PM CDT September 17, 2017 in Continuous News
Columbia, MO
Broken Clouds 64°
7am 65°
8am 66°
9am 68°
10am 72°

Select a station to view its upcoming schedule:

Coming Up Next

6:00a
KOMU 8 News Today
7:00a
Today
11:00a
Rachael Ray
6:30a
Cops
7:00a
Maury
8:00a
The Steve Wilkos Show

Tonight's Schedule

7:00p
America's Got Talent
9:01p
Will & Grace Paley Center Special
7:00p
The Flash
8:00p
DC's Legends of Tomorrow
9:00p
KOMU 8 News @ Nine on The CW
9:30p
Seinfeld