This agreement comes three weeks after a discontinued purchase by SM Promen of Tennessee, which failed to come up with the required funds by the already-extended Feb. 28 deadline.
Pioneer’s proposal to purchase the 25-bed Scott County Hospital’s assets for $100,000 was informally approved by the county’s mayor earlier this month. According to its previously announced plans, Pioneer expects to reopen the shuttered hospital and restart operations within two months of the finalized deal.
More Articles on Hospital Asset Purchases:
Court Halts North Kansas City Hospital Sale During Pending Lawsuit
Landmark Medical Center Nurses Union in Rhode Island Eyes New Buyer
Prime Healthcare Signs Agreement to Purchase Saint Michael’s in NJ
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