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