According to the hospital, the firm did not provide a reason for calling off the deal.
Last year, Nashville, Tenn.-based Essent Healthcare was to acquire the hospital but pulled out just as the deal was about to close, according to the report.
The hospital will continue to seek partners that can provide capital investment in the facility. According to Brown County General CEO Mike Patterson, the hospital has struggled financially due to increases in uncompensated care and reduced government funding.
Read the Ledger Independent report on Brown County General Hospital.
Read more coverage on Ohio hospitals:
– Cleveland Clinic to Consolidate Trauma Centers in 2011
– Ohio’s Marion General Pays $1.2M to Settle Stark Violations
– OSU Medical Center Gets $7.4M Grant for Women’s Health Studies
