Hospital Corporation of America (HCA) has signed a letter of intent to buy Mercy Hospital in Miami, US.

Mercy’s board of directors have agreed to sell the 473-bed facility, which provides care to the residents of Miami and Coral Gable.

Although the hospital will become part of HCA, it will still operate as a Catholic hospital and the archbishop of Miami will continue to endorse it.

The transaction is subject to the execution of a definitive agreement and regulatory approvals.

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By GlobalData