OhioHealth and O’Bleness, which includes 64-bed O’Bleness Memorial Hospital, will now undergo due diligence to look at the financial and operational ramifications of the deal. Initial financial terms were not disclosed.
Executives of both systems expect due diligence will be completed this summer, with O’Bleness officially joining OhioHealth as a member in early fall.
Last month, OhioHealth signed a letter of intent to acquire MedCentral Health System, a two-hospital system based in Mansfield, Ohio.
More Articles on Hospital Transactions:
St. Francis Care in Connecticut Opts Out of Merger With Ascension Health Care Network
HMA Signs Letter of Intent to Lease Munroe Regional Medical Center
For-Profit Company to Acquire Raritan Bay Medical Center in New Jersey
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.