Easton Hospital administrators reportedly told some employees that they’re considering bids from Allentown, Pa.-based Lehigh Valley Health Network and Bethlehem, Pa.-based St. Luke’s University Health Network. A spokesperson from LVHN couldn’t confirm that it is one of the bidders, saying the health system doesn’t discuss potential transactions until there is “something definitive to announce.” St. Luke’s didn’t respond to The Morning Call‘s request for comment.
The news comes after Steward announced last year that is was cutting some services at Easton Hospital to help shore up the hospital’s finances. Last fall, Easton Hospital stopped providing heart surgeries and closed its neonatal care unit.
More articles on healthcare finance:
Los Angeles hospital closes after purchase deal falls through
CHS buys more time for turnaround with $1B debt tender offer, Fitch says
New Jersey health system owners allegedly embezzled millions as hospitals’ debt swelled
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit