New Jersey Attorney General Paula T. Dow has approved the proposed merger between St. Luke's Hospital and Health Network, based in Bethlehem, Pa., and Warren Hospital in Phillipsburg, N.J., according to a Morning Call report.
By granting approval, Ms. Dow rejected Community Health Systems' argument that it had presented Warren with a better offer. CHS had presented a proposal to buy Warren for $40 million and invest an additional $30 million in it, but that offer came after Warren had signed a letter of intent with St. Luke's, according to the report.
The deal still requires approval from the New Jersey Superior Court. The systems are hoping to finalize the deal by the end of the year.
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By granting approval, Ms. Dow rejected Community Health Systems' argument that it had presented Warren with a better offer. CHS had presented a proposal to buy Warren for $40 million and invest an additional $30 million in it, but that offer came after Warren had signed a letter of intent with St. Luke's, according to the report.
The deal still requires approval from the New Jersey Superior Court. The systems are hoping to finalize the deal by the end of the year.
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