Sharon Regional Hospital Agrees To For-Profit Buyout

Map of Pennsylvania highlighting Mercer County

Map of Pennsylvania highlighting Mercer County (Photo credit: Wikipedia)

Editor’s note:  Gobble, gobble, gobble….CHS is at it again.

A Mercer County health system will be sold to a for-profit Tennessee conglomerate that owns, leases or operates 206 other hospitals in 29 states, according to an agreement announced Thursday.

Sharon Regional Health System said it has reached a definitive agreement to be sold to Franklin, Tenn.-based Community Health Systems Inc.

The sales price was not released, but hospital officials said in a news release that Community Health will invest at least $75 million in the hospital in the next five years.

Sharon Regional has about 1,800 workers making it the largest employer in Mercer County, which borders Ohio along Interstate 80. Sharon Regional’s flagship hospital is about 60 miles northwest of Pittsburgh.

Read more: http://www.post-gazette.com/local/north/2014/02/06/Sharon-Regional-Hospital-agrees-to-for-profit-buyout/stories/201402060266

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’60 Minutes’ Report Critical Of Health Management Associates

A national health-care chain that operates two hospitals in Lancaster County has come under fire after an investigative TV news program aired allegations that profits — and not patient care — motivated many of the company’s decisions in the emergency room.

CBS correspondent Steve Kroft on “60 Minutes” Sunday charged Health Management Associates with running unnecessary tests and admitting patients without cause — all to drive up revenue.

Based in Naples, Fla., HMA is the nation’s fourth-largest for-profit hospital chain.  Locally, HMA operates Lancaster Regional Medical Center at 250 College Ave. and Heart of Lancaster Regional Medical Center in Lititz.

Danielle Gilmore, director of marketing for Lancaster Regional, declined to discuss the CBS report, instead sharing a statement issued by HMA’s corporate office in Naples.

Read more: http://lancasteronline.com/article/local/788776_-60-Minutes–report-critical-of-Health-Management-Associates.html#ixzz2E1Aur9Zx