Community Health Systems, Inc. CYH announced today that its subsidiary has executed a definitive agreement to acquire substantially all of the assets of Mercy Health Partners, located in northeast Pennsylvania, from Cincinnati-based Catholic Health Partners.
The health system includes two full service acute care hospitals, 198-bed Mercy Hospital, Scranton, and 48-bed Mercy Tyler Hospital in Tunkhannock. The system also includes Mercy Special Care Hospital, a 67-bed long-term acute care hospital located in Nanticoke, and other outpatient and ancillary services.
The transaction is subject to customary federal and state regulatory approvals, including review and approval by the Attorney General of the Commonwealth of Pennsylvania.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Posted In:
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in