Nonprofit organization Tenor Health Foundation has signed a letter of intent with Community Health Systems to acquire Commonwealth Health, a three-hospital system in Scranton, Pa., spokespersons for both organizations confirmed with Becker’s. The news comes nine months after Franklin, Tenn.-based CHS’ plan to sell Commonwealth Health to nonprofit organization WoodBridge Healthcare collapsed. That deal was valued at $120 million. Commonwealth Health’s hospitals include: Regional Hospital of Scranton (186 beds), Moses Taylor Hospital in Scranton (122 beds), and Wilkes-Barre General Hospital (369 beds).
Read the full article: CHS Finds New Buyer for 3 Pennsylvania Hospitals After Failed $120M Deal //
Source: https://www.beckershospitalreview.com/hospital-transactions-and-valuation/chs-finds-new-buyer-for-3-pennsylvania-hospitals-after-failed-120m-deal-6-notes/