After repaying loans and legal and consulting expenses, the sale is only going to net the hospital about $300,000. Those details were contained in documents filed by Mercy with the Montgomery County Orphans Court, which is responsible for overseeing the transaction.
Mercy Suburban suffered $49 million in losses in fiscal years 2013 and 2014, according to the report, which cites data from the Pennsylvania Healthcare Cost Containment Council.
More articles on healthcare transactions:
Metro Health sale to CHS falls through: 5 things to know
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Capella to be sold for $900M: 5 things to know about the deal
