It will likely take several months to receive the licensure from state and federal agencies to reopen the facility as a full-service hospital. The buyer, Johnny Presley, plans to initially operate an outpatient clinic at the facility.
Mr. Presley, who already operates a few clinics, formed Rural Hospitals & Clinics of America to buy Cumberland River Hospital. He paid $200,000 for the hospital, which sold for more than $6 million in 2012.
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