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.
More articles on healthcare finance:
Washington hospital to close this month
7 health systems with strong finances
Verity to close Los Angeles hospital
