Lake Whitney Medical Center nearly closed its doors in July, but Deerfield Beach, Fla.-based Frontier Hospitals stepped in at the beginning of August with a 30-day lease-purchase agreement.
However, at the end of August, Frontier terminated its agreement with Lake Whitney Medical Center, forcing the hospital authority to step in. Officials have said several groups have expressed interest in buying the hospital, including an unnamed group based in Waco, Texas. The hospital authority hopes to sell the facility within 30 days, according to the report.
More Articles on Hospital Transactions:
Proctor Hospital Agrees to Merge With UnityPoint Health-Methodist
Geisinger, Holy Spirit Health System Agree to Affiliate
Beth Israel, Jordan Hospital Merger Won’t Increase Costs, Commission Says
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.