CHS deal to sell 3 Pennsylvania hospitals falls through after buyer fails to secure funds

Healthcare DIVE November 27, 2024
Susanna Vogel

Some lawmakers are concerned the facilities may close absent a deal.

Dive Brief:

Community Health Systems’ proposed $120 million deal to sell three Pennsylvania hospitals to WoodBridge Healthcare is no more, after Woodbridge failed to secure adequate funds, CHS said on Tuesday.
The now-defunct deal included 186-bed Regional Hospital of Scranton, 122-bed Moses Taylor Hospital and 369-bed Wilkes-Barre General Hospital — all of which lost money in 2023, according to a report from the Pennsylvania Health Care Cost Containment Council.
CHS said it is evaluating future options in light of the termination. Some lawmakers are concerned facility closures may be on the horizon.

Dive Insight:

CHS first announced plans to offload its three-hospital Commonwealth Health System to WoodBridge...