An agreement that would have seen the nonprofit WoodBridge Healthcare purchase Commonwealth Health and its financially struggling hospitals collapsed after the would-be buyer was unable to secure bond financing for the acquisition. Tennessee-based Community Health Systems Inc. described the decision to terminate the agreement as mutual. What that means for Regional Hospital of Scranton, nearby Moses Taylor Hospital and Wilkes-Barre General Hospital was not immediately clear.
Read the full article: Commonwealth Health Sale Collapses After Nonprofit Buyer Fails to Secure Financing //
Source: https://www.thetimes-tribune.com/2024/11/26/commonwealth-health-sale-collapses-after-nonprofit-buyer-fails-to-secure-financing/