Physicians seek to buy 156-bed Quorum hospital in Ohio

A group of at least seven physicians at Massillon, Ohio-based Affinity Medical Center is looking to buy the hospital from Brentwood, Tenn.-based Quorum Health, according to IndeOnline.com.

Advertisement

Quorum announced Friday it would close the hospital Feb. 4 due to financial difficulties, citing declining revenue and increased competition in the area. However, Nash Gabrail, MD, said he and a small team of physicians are looking to buy the hospital. Dr. Gabrail said the number of physicians interested could grow to 80 or 90.

“We might also recruit area business [leaders] as potential investors,” Dr. Gabrail said Monday, according to IndeOnline.com.

 Dr. Gabrail did not specify what he thought a fair price for the hospital would be.

More articles on hospital transactions and valuations:

13 recent hospital transactions and partnerships
Tenet to divest Missouri hospital
Rite Aid President Kermit Crawford: We’re focused on growing PBM operations following Walgreens deal

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.

Register to Attend Webinar

Reconsider What’s Possible: Enterprise RCM and the Pro-Fee Practice

Tuesday, July 28
11:00 AM - 12:00 PM CDT

Presenters: Garett Kreitz, Med-MetrixJohn Stefanowicz, Med-Metrix

Advertisement

Next Up in Transactions & Valuation Issues

Advertisement

Comments are closed.