Acension Sells St. Joseph Regional Medical Center; Renovations, Expansions Planned
As part of the agreement, Ascension will provide a $23 million donation to an independent foundation, which is to be formed by the Idaho Attorney General following the transaction closing. RCCH will provide a $2 million donation, dedicated to serving healthcare needs of the Lewiston community consistent with the Catholic mission of SJRMC.
In addition to the $25 million donation the transaction also includes an agreement by RCCH to invest $57 million for up-to-date equipment, technology and ambulatory care facilities over the next five years. RCCH also plans to provide an expansion and integration of care, including clinical services and acute care.