Indianapolis-based St. Vincent Health currently manages the hospital but has decided not to renew its lease, which expires May 31, 2017.
Under the preliminary agreement between IU Health and Clinton County, all Frankfort Hospital employees in good standing will be offered employment at the hospital once IU Health begins managing operations, according to the report.
More articles on healthcare industry transactions:
Blackstone to acquire TeamHealth in $6B deal
HCA inks $750M deal to sell Oklahoma hospitals
Shuttered NC hospital accepts Duke LifePoint’s proposal
