Summa Western Reserve will take over operations of Cuyahoga Falls General Hospital, which lost $3.8 million in 2007, according to the report.
Summa Western Reserve is reportedly leasing the facility and its equipment for $4.5 million per year until 2012, when it is expected to move to a new facility.
Under the joint venture agreement, Summa Health will control 40 percent of the operations at new hospital, and Western Reserve Hospital Partners will control 60 percent.
Read the Hudson Hub Times’ report on the Summa Western Reserve Hospital joint venture.
