Chief Healthcare Executive November 29, 2024
Community Health Systems and WoodBridge Healthcare say the $120 million sale of the facilities isn’t happening. Pennsylvania officials had expressed optimism about the deal.
A few months after announcing an agreement to sell three hospitals in northeastern Pennsylvania, the two parties say the deal isn’t going to happen after all.
Community Health Systems, Inc. and WoodBridge Healthcare, Inc. said this week that they have mutually terminated the agreement, which was announced in August. CHS initially sought to sell Commonwealth Health and its three hospitals to WoodBridge Healthcare in a $120 million transaction.
In a statement posted on its website, WoodBridge says it was not able to put together the financing to buy the hospitals. Joshua Nemzoff, chairman of the board...
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