Subsidiaries of Nashville-based Community Health Systems plan to purchase Memorial Hospital, the Surgical Center of York and other associated facilities in York, Pa., according to a hospital press release.
According to the report, Memorial has decided to partner with CMS as economic conditions make it difficult for a stand-alone hospital to survive. Sally Dixon, Memorial's president and CEO, said the health system shares the hospital's values and has a "proven track record of successfully deploying capital, increasing services and supporting community hospitals in their efforts to provide patients with high quality care."
The agreement between Memorial and CHS includes a financial commitment to build a replacement medical hospital in West Manchester Township. Planning for the new campus will begin after the sale is closed, and construction is expected to begin within 30 months.
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According to the report, Memorial has decided to partner with CMS as economic conditions make it difficult for a stand-alone hospital to survive. Sally Dixon, Memorial's president and CEO, said the health system shares the hospital's values and has a "proven track record of successfully deploying capital, increasing services and supporting community hospitals in their efforts to provide patients with high quality care."
The agreement between Memorial and CHS includes a financial commitment to build a replacement medical hospital in West Manchester Township. Planning for the new campus will begin after the sale is closed, and construction is expected to begin within 30 months.
Related Articles on ASC Transactions & Valuation:
Missouri's Scotland County Hospital Opens New Surgery Center
Strategic Partnering for Surgery Centers: Thoughts From Jon Vick of ASCs Inc.
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