The Pennsylvania Department of Health has approved Franklin, Tenn.-based Community Health Systems’ plan to sell its three Pennsylvania hospitals to the Tenor Health Foundation. The approval comes after CHS, a for-profit system, signed a definitive agreement in October to sell Commonwealth Health to Tenor, a newly formed nonprofit organization. Under the deal, Tenor will acquire Regional Hospital of Scranton (186 beds), Moses Taylor Hospital in Scranton (122 beds) and Wilkes-Barre General Hospital (369 beds).
Read the full article: Pennsylvania Approves Sale of 3 CHS Hospitals to Tenor Health Foundation //
Source: https://www.beckershospitalreview.com/hospital-transactions-and-valuation/pennsylvania-approves-sale-of-3-chs-hospitals-to-tenor-health-foundation/