Brown County General Hospital in Georgetown, Ohio, has officially become part of Scottsdale, Ariz.-based Southwest Healthcare Services, according to a Ledger Independent report.
After four attempts in nearly two years to sell, BCGH finalized its sale to Southwest Thursday. Southwest agreed to assume vendor debts, leases, loans and anything currently owed by the facility. As of May 31, that amount was more than $9.765 million.
Southwest has also devised a payment plan for the $300,000 owed to the county by the hospital so the debt will be paid off by July 1, 2012.
Read the Ledger Independent report on Brown County General Hospital.
Related Articles on BCGH:
Ohio’s Brown County General Hospital Moves Closer to Sale
Ohio’s Brown County General Selects Southwest Healthcare’s Proposal
Brown County Regional HealthCARE Replaces CEO With Turnaround Specialist
