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Investment group buys Ohio hospital

A real estate investment fund has acquired East Ohio Regional Hospital in Martins Ferry and plans to reopen the facility later this year, according to The Intelligencer

Irvine, Calif.-based Alecto Healthcare Services closed 140-bed East Ohio Regional in September, a few weeks after shutting down Ohio Valley Medical Center in Wheeling, W.Va.

Few details have been released by East Ohio Hospital LLC, the group that acquired East Ohio Regional. A lawyer involved in the transaction said more announcements will be made in coming weeks. 

The real estate investment fund intends to reopen East Ohio Regional as a medical facility. The group also operates a mental health facility outside of Dayton, Ohio, according to WTOV

More articles on healthcare industry transactions:
Baptist Health speeds up $361M deal for 9th hospital
For-profit hospital M&A update: 12 deals involving CHS, HCA and Quorum
Hoag sues to end Providence affiliation

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