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Cookeville Regional Med Center to Purchase Cumberland River Hospital for $6.75M

The city council has approved Cookeville (Tenn.) Regional Medical Center's request to purchase Cumberland River Hospital in Celina, Tenn., from Restoration Healthcare of Celina for $6.75 million, according to a Cookeville Times report.

Cookeville Regional will take ownership of Cumberland River Hospital Aug. 1 and transition the hospital into a non-profit. Although Cumberland River Hospital will become the property of Cookeville Regional, it will operate under its original name.

More Articles on Hospital Purchases:

Columbia Memorial Hospital Receives $2.4M Grant, Considers Purchasing Greene Medical Arts Center
Hackensack University Health, LHP Hospital Group Purchase, Rename Mountainside Hospital
St. John Medical System Delayed Hospital Purchase to Avoid Upfront Costs

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