Under the deal, which closed Sept. 30, Quorum divested 70-bed Sunbury (Pa.) Community Hospital and 47-bed Lock Haven (Pa.) Hospital. Quorum and UPMC Susquehanna signed a definitive agreement in June for the sale of the two hospitals.
Quorum is focused on restructuring its portfolio to improve financial performance. The company saw its net loss narrow from $245.1 million in the second quarter of 2016 to $30.6 million in the same period of this year.
More articles on healthcare industry transactions:
Court approves sale of bankrupt North Carolina hospital
OSF HealthCare to pay $185M for 2 Presence Health facilities in Illinois
UPMC expands international operations with 50% stake in Rome hospital
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