The $7.8 million acquisition aims to help the hospital turn around its finances. The Walker County Hospital District is slated to become Huntsville Memorial’s new owner under a joint-venture agreement with Community Hospital Corp., based in Plano, Texas. Under the deal, the entity will get a new name: Huntsville Community Hospital.
The change in ownership comes after the hospital’s former operator, the Walker County Hospital Corp., filed for Chapter 11 bankruptcy protection Nov. 11.
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