Community Health Systems loses $120 million deal to sell three Pennsylvania hospitals
Community Health Systems’ deal to sell three of its hospitals has died. The $120 million deal with WoodBridge Healthcare for three of the Franklin-based hospital system’s Pennsylvania hospitals was terminated on Nov. 22, according to a Nov. 26 U.S. and Securities and Exchange Commission filing.
Community Health Systems Terminates Purchase Agreement With WoodBridge
Community Health Systems said Tuesday the deal was terminated because of WoodBridge's inability to satisfy the purchase agreement's funding requirements because of developments affecting the expected proceeds available to WoodBridge from the issuance of publicly offered tax-exempt and taxable bonds.
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