Sponsored by VMG Health | info@vmghealth.com | 214.369.4888

Prime makes play for bankrupt Georgia hospital

Oglethorpe, Ga.-based Hutcheson Medical Center, which filed for chapter 11 bankruptcy protection about a year ago, may soon be purchased by Ontario, Calif.-based Prime Healthcare Services, according to a Times Free Press report.

Prime has made a $7 million offer to buy the hospital's main campus, surgery center, childcare center and most of its real estate, according to the report.

Chattanooga, Tenn.-based Erlanger Medical Center may fight the purchase in court, as Erlanger claims Hutcheson owes it approximately $30 million.

More articles on healthcare industry transactions:

11 recent hospital transactions and partnerships
Exit activity in private equity healthcare drives busy deal flow: 5 things to know
10 of the most interesting healthcare transactions of 2015

Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

 

Featured Whitepapers

Featured Webinars