The announcement comes after Ohio Attorney General Richard Cordray’s office approved the proposed transaction on Monday. Forum currently operates Northside, Hillside and Trumbull Memorial Hospital in Warren, Ohio, as well as other health care services, and has been in Chapter 11 bankruptcy since March 2009, according to the report.
The purchase price is $120 million and CHS has pledged a minimum of $80 million to renovate the three hospital facilities, according to the report.
Read the Business Journal Daily report on the Community Health Systems Forum takeover.
Read more coverage on Community Health Systems:
– CHS Bids $100M for Ohio’s Forum Health
– CHS Completes Acquisition of South Carolina’s Marion Regional Healthcare System
– Community Health Reassigns CEO of Hospital in Virginia
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