Cookeville Regional Med Center to Purchase Cumberland River Hospital for $6.75M

The city council has approved Cookeville (Tenn.) Regional Medical Center’s request to purchase Cumberland River Hospital in Celina, Tenn., from Restoration Healthcare of Celina for $6.75 million, according to a Cookeville Times report.

Advertisement

Cookeville Regional will take ownership of Cumberland River Hospital Aug. 1 and transition the hospital into a non-profit. Although Cumberland River Hospital will become the property of Cookeville Regional, it will operate under its original name.

More Articles on Hospital Purchases:

Columbia Memorial Hospital Receives $2.4M Grant, Considers Purchasing Greene Medical Arts Center
Hackensack University Health, LHP Hospital Group Purchase, Rename Mountainside Hospital
St. John Medical System Delayed Hospital Purchase to Avoid Upfront Costs

At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.

Advertisement

Next Up in Transactions & Valuation Issues

Advertisement

Comments are closed.