SA Acquisition Group finalized its purchase of the 190-bed hospital out of bankruptcy on Jan. 19. SA Acquisition Group paid about $18 million for the hospital, according to the report.
The hospital has been renamed South City Hospital.
The hospital’s new CEO Gregory Brentano said the facility’s name was changed because it no longer has a religious affiliation and the previous name has a “poor reputation” in the community, according to the report.
Read more here.
More articles on healthcare industry transactions:
Tenet aims to acquire up to 40 surgery centers this year
Optum in talks to acquire 715-physician group in Massachusetts
Illinois hospitals merge, get new names
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