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Bankruptcy Judge Approves Forum Health's Sale to CHS
U.S. Bankruptcy Judge Kay Woods has approved the sale of Youngstown, Ohio-based Forum Health to Community Health Systems, according to a Business Journal Daily News report.CHS offered $120 million for the three-hospital system last week, trumping its initially reported bid of $100 million. CHS beat our Ardent Health Services, which had previously bid $69.8 million for the health system.
The deal is awaiting approval from Ohio Attorney General Richard Cordray.
Read the Business Journal Daily News report on Forum Health.
Read other coverage on Forum Health:
- CHS Submits Bid for Ohio's Forum Health
- Ardent Health Services to Buy Bankrupt Forum Health for $69.8M
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