MU Health Care, Nueterra buys Callaway Community Hospital

4 years 11 months 1 week 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
ST. LOUIS (AP) — Some Missouri business owners looking to profit from the state's burgeoning marijuana industry worry they're... More >>
1 day ago Sunday, November 10 2019 Nov 10, 2019 Sunday, November 10, 2019 11:14:00 AM CST November 10, 2019 in News
COLUMBIA - From jumping across tabletops to nestling between books, twenty cats call Papa’s Cat Café home. The interactive café... More >>
1 day ago Sunday, November 10 2019 Nov 10, 2019 Sunday, November 10, 2019 7:00:00 AM CST November 10, 2019 in News
COLUMBIA - A news release from the Columbia Police Department said officers responded to a home invasion at the 1100... More >>
2 days ago Sunday, November 10 2019 Nov 10, 2019 Sunday, November 10, 2019 12:25:00 AM CST November 10, 2019 in News
BOONE COUNTY - Three people were injured in a car crash on Highway 63 Saturday evening. According to a... More >>
2 days ago Saturday, November 09 2019 Nov 9, 2019 Saturday, November 09, 2019 11:30:00 PM CST November 09, 2019 in News
COLUMBIA — Participants gathered at West Middle School on Saturday morning to spread awareness for diabetes. "The Diabetes Dash... More >>
2 days ago Saturday, November 09 2019 Nov 9, 2019 Saturday, November 09, 2019 6:39:00 PM CST November 09, 2019 in News
COLUMBIA — Community members came together in MU Speaker's Circle to call for justice for missing woman Mengqi Ji Elledge.... More >>
2 days ago Saturday, November 09 2019 Nov 9, 2019 Saturday, November 09, 2019 5:04:00 PM CST November 09, 2019 in News
CENTRALIA - Hubbell Power Systems workers in Centralia will return to work Monday morning with increased wages. A majority... More >>
2 days ago Saturday, November 09 2019 Nov 9, 2019 Saturday, November 09, 2019 4:47:00 PM CST November 09, 2019 in News
EMINENCE, Mo. (AP) — A herd of seven wild horses that were causing problems at a Missouri state park have... More >>
2 days ago Saturday, November 09 2019 Nov 9, 2019 Saturday, November 09, 2019 4:43:08 PM CST November 09, 2019 in News
COLUMBIA - Children got the chance to learn about science through hands-on experiments at the Columbia Public Schools' Planetarium on... More >>
2 days ago Saturday, November 09 2019 Nov 9, 2019 Saturday, November 09, 2019 3:26:00 PM CST November 09, 2019 in News
COLUMBIA — Pulaski County deputies and the South Central Drug Task Force seized large amounts of heroin, methamphetamine and cash... More >>
2 days ago Saturday, November 09 2019 Nov 9, 2019 Saturday, November 09, 2019 3:05:00 PM CST November 09, 2019 in News
COLUMBIA — An inmate died after becoming unresponsive in a booking cell of the Pettis County Jail Saturday morning. ... More >>
2 days ago Saturday, November 09 2019 Nov 9, 2019 Saturday, November 09, 2019 3:01:00 PM CST November 09, 2019 in News
COLUMBIA — Callaway County deputies arrested a man after a report of shots fired Thursday on the 7000... More >>
2 days ago Saturday, November 09 2019 Nov 9, 2019 Saturday, November 09, 2019 2:55:00 PM CST November 09, 2019 in News
COLUMBIA - Fanny Winget and her son Isaac Shapiro were cleaning the house when they heard a fire alarm go... More >>
2 days ago Saturday, November 09 2019 Nov 9, 2019 Saturday, November 09, 2019 1:15:00 PM CST November 09, 2019 in News
COLUMBIA - Columbia Public Works is adding 50 new lane miles of "Third Priority" snow routes on 195 streets this... More >>
3 days ago Friday, November 08 2019 Nov 8, 2019 Friday, November 08, 2019 8:08:00 PM CST November 08, 2019 in News
COLUMBIA - MU knowingly violated the Missouri Sunshine Law by overestimating the cost of providing records to an animal... More >>
3 days ago Friday, November 08 2019 Nov 8, 2019 Friday, November 08, 2019 7:52:27 PM CST November 08, 2019 in News
JEFFERSON CITY – Some homes in Jefferson City are still suffering from the aftermath of May's EF3 tornado, but River... More >>
3 days ago Friday, November 08 2019 Nov 8, 2019 Friday, November 08, 2019 6:23:00 PM CST November 08, 2019 in News
JEFFERSON CITY - In Missouri, there is a shortage of foster care parents. The number of children in the foster... More >>
3 days ago Friday, November 08 2019 Nov 8, 2019 Friday, November 08, 2019 5:14:00 PM CST November 08, 2019 in Continuous News
BOONVILLE - The Boonville City Council approved a location on Nor-Cat Way for a proposed medical marijuana facility. MOCO,... More >>
3 days ago Friday, November 08 2019 Nov 8, 2019 Friday, November 08, 2019 2:48:00 PM CST November 08, 2019 in News
Columbia, MO
Broken Clouds 12°
3am 13°
4am 11°
5am
6am