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Bankrupt Bamberg County Hospital in SC Prepares for Proposed HCA Buyout

Bamberg County officials in South Carolina are helping to appraise the assets of the shuttered and bankrupt Bamberg County Hospital in preparation for a proposed buyout by Nashville, Tenn.-based Hospital Corporation of America, according to a report by the Times and Democrat.

The Bamberg, S.C.-based hospital's board filed for bankruptcy in 2011 and began operating as an urgent care-only facility last May, only to be shut down entirely two months later due to low volume. A private equity firm, Dobbs Equity Partners, failed to close on an acquisition deal by a July 2012 deadline. In January, the hospital's board signed a letter of interest to affiliate with HCA, which owns Colleton Medical Center in nearby Walterboro, S.C.

Bamberg County Administrator Joey Preston said the county is assisting the hospital in "getting the building appraised...so that we can act intelligently on anyone who comes to us and makes an offer, or if we decide to sell the building, which is a separate issue from HCA," according to the Times and Democrat.

More Articles on Hospital Acquisitions:

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A Look at the Activity, Future of the Hospital M&A Market

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