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
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
