Becker's Healthcare July 30, 2024
Franklin, Tenn.-based Community Health Systems has signed a definitive agreement to sell its three Pennsylvania hospitals to affiliates of WoodBridge Healthcare, a nonprofit organization led by healthcare veteran Joshua Nemzoff.
The hospitals include:
- Regional Hospital of Scranton (186 beds)
- Moses Taylor Hospital in Scranton (122 beds)
- Wilkes-Barre General Hospital (369 beds)
The proposed $120 million deal includes a $10 million prepayment for services to be provided subject to an IT transition services agreement and adjustment for the assumption of any capital/finance leases and net working capital.
CHS expects the deal — which would cement its exit from Pennsylvania — to close in the...
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