Community Health Systems has acquired Memorial Health Systems in York, Pa., which includes the Surgical Center of York and other outpatient and ancillary services, according to a Market Watch report.
The purchase agreement includes a commitment to construct a replacement hospital within five years of the closing date.
Commenting on the announcement, Wayne T. Smith, chairman, president and CEO of Community Health Systems, said, "The acquisition of Memorial Health Systems extends our strong track record of growth and investment in Pennsylvania. The hospital's medical staff and employees provide high-quality healthcare services in a competitive environment. We look forward to applying our proven operating strategies, physician recruitment resources, and access to capital to support the care they provide for their patients and to help bring life to a new, modern medical facility that advances clinical quality and the hospital experience."
Related Articles on Transactions & Valuation:
Florida's Mease Dunedin Hospital Renovates Surgery Center
South Dakota's Vance Thompson Vision to Build $6 Million Surgery Center
Advanced Center for Surgery Opens in Pennsylvania
The purchase agreement includes a commitment to construct a replacement hospital within five years of the closing date.
Commenting on the announcement, Wayne T. Smith, chairman, president and CEO of Community Health Systems, said, "The acquisition of Memorial Health Systems extends our strong track record of growth and investment in Pennsylvania. The hospital's medical staff and employees provide high-quality healthcare services in a competitive environment. We look forward to applying our proven operating strategies, physician recruitment resources, and access to capital to support the care they provide for their patients and to help bring life to a new, modern medical facility that advances clinical quality and the hospital experience."
Related Articles on Transactions & Valuation:
Florida's Mease Dunedin Hospital Renovates Surgery Center
South Dakota's Vance Thompson Vision to Build $6 Million Surgery Center
Advanced Center for Surgery Opens in Pennsylvania