Under the proposal, Trinity Hospital Twin City would pay $4.85 million and assume the hospital’s debts.
Wells Fargo is listed as a creditor with approximately $17 million in debt. The company said it deserves “to receive the net sale proceeds upon the closing of the sale of assets to Trinity,” according to the report. The Committee of Unsecured Creditors made a separate filing regarding its rights during discussions of the transaction.
A court hearing today will discuss the proposed sale. If the court approves the sale, Trinity Hospital may take over operations on Tuesday.
Read the report by the Times-Reporter on the limited objection to the proposed sale of Twin City Hospital to Trinity Hospital Twin City.
Related Articles on Ohio Hospital Transactions:
Ohio’s Trinity Hospital to Acquire Twin City Hospital
Cincinnati’s UC Health to Buy Jewish Hospital Medical Campus in Avondale
Ohio’s Twin City Hospital Continues to Seek Buyer After Three Systems Voice Disinterest
