TriHealth will invest $17 million in the hospital as part of the agreement, which will help fund a new emergency department, new IT infrastructure and improved clinical services.
The nonprofit, 60-bed hospital will retain 40 percent ownership and TriHealth will assume 60 percent, which will be reflected in composition of seats on the board.
More articles on transactions and valuation:
Nason Hospital signs agreement to join LifePoint Hospitals
AxelaCare Health Solutions acquires Ambient Healthcare
United Memorial Medical Center joins Rochester Regional Health System
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