St. Luke’s University Health Network, based in Bethlehem, Pa., acquired Warren Hospital in February 2012 after initially announcing merger plans in April 2011. At the time, the 214-bed hospital had more than $70 million of debt.
Since then, the health system has refinanced $45 million of Warren Hospital’s debt, which is expected to save $5 million annually, and it has made more than $55 million in investments, according to the report.
More Articles on Hospital Finance:
A Mixed Bag: 5 Things to Note on the Hospital Debt Markets for 2013
Cleveland Regional in Texas in Financial Straits, But Won’t Close
Brookdale Hospital in New York Owes $6.4M in Unpaid Water Bills
