Mission Health in Asheville, North Carolina, has announced that if and when its acquisition by HCA Healthcare closes, six member legacy foundations will receive up to $15 million each in support of efforts to improve the health and well-being of Mission Health communities.

The proceeds from the sale will be distributed over three years to existing or new foundations created by Mission Health's member hospitals — Angel Medical Center Foundation, Blue Ridge Regional Hospital Foundation, CarePartners Foundation, Highlands-Cashiers Hospital Foundation, Mission Hospital McDowell Foundation, and Transylvania Regional Hospital Foundation. The foundations will receive $5 million each when the acquisition closes, while the disbursement of additional funds in years two and three will be contingent on their commitment to and progress in developing their respective communities' capacity to improve the health and well-being of community members.

"Throughout the due diligence process, Mission Health's board has discussed various ways to provide additional support for the communities served by our member entities," said Mission Health board chair John R. Ball. "In addition to significant protections against program or facility closures for our rural communities, we are pleased to provide each member entity with proceeds from the sale of Mission Health to benefit their communities directly and locally."