University of Maryland Medical System in Baltimore may be taking over management and ownership of Prince George County's three financially strapped public hospitals by 2013, according to a Gazette news report.
Sources close to the negotiations confirmed a deal between state and county leaders would take place within the next several weeks. According to the news report, the county hospitals have struggled to settle a $160 million debt from its pension system and construction bonds.
Read the news report about University of Maryland Medical System.
South Carolina's Allendale Hospital Withdraws From Tri-County Plan
CHS Announces Definitive Agreement to Purchase Pennsylvania's Moses Taylor
Sources close to the negotiations confirmed a deal between state and county leaders would take place within the next several weeks. According to the news report, the county hospitals have struggled to settle a $160 million debt from its pension system and construction bonds.
Read the news report about University of Maryland Medical System.
Related Articles on Hospital Transactions:
15 Recent Hospital and Health System TransactionsSouth Carolina's Allendale Hospital Withdraws From Tri-County Plan
CHS Announces Definitive Agreement to Purchase Pennsylvania's Moses Taylor