University of Maryland Medical System Could Take Over Troubled Public Hospitals

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.

Advertisement

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 Transactions
South Carolina’s Allendale Hospital Withdraws From Tri-County Plan
CHS Announces Definitive Agreement to Purchase Pennsylvania’s Moses Taylor

Advertisement

Next Up in Transactions & Valuation Issues

Advertisement

Comments are closed.