Hospital officials also applied to designate E.J. Noble as a critical access hospital this week, according to the report.
As part of the agreement, the state department of health will provide a $2 million short-term relief loan to E.J. Noble, and CPH will issue and forgive a $300,000 loan and provide a six-month grace period for its management fees. Samaritan Medical Center in Watertown, N.Y., will oversee the hospital’s laboratory for the time being, according to the report.
More Articles on Hospital Transactions:
OIG Probes 10 Universal Health Services Facilities
New Jersey’s St. Luke’s Warren Hospital Recovering Post-Merger
S&P: Sequestration Won’t Immediately Hurt For-Profit Hospitals
