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...

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Topics: Health System / Hospital, Mergers & Acquisitions / JV, Provider, Trends
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