Under the agreement, NPHS will sell St. Joseph’s Hospital to MMP Hospital Partners in Philadelphia for $8.12 million. NPHS will sell the hospital free and clear of liens, according to bankruptcy court documents.
The transaction is expected to close by April 7, according to the report.
NPHS currently operates Girard Medical Center, a 168-bed drug treatment and behavioral health facility.
More articles on healthcare industry transactions:
Mednax acquires Nevada ophthalmology practice
Beth Israel, Lahey CEOs: Merger will act as ‘antidote’ to high healthcare costs
Lifespan, Dana-Farber to team up on cancer care
