Wise Regional in Texas to Issue $19M in Bonds for Hospital Purchase

Wise Regional Health System in Decatur, Texas, will sell $19 million in bonds as it looks to purchase the bankrupt North Texas Community Hospital in Bridgeport, according to a Wise County Messenger report.

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Earlier this month, Wise Regional emerged as the only buyer of 35-bed NTCH, which filed for bankruptcy last year. A bankruptcy judge approved Wise Regional’s sale Feb. 4.

Steve Summers, CEO of Wise Regional, told the Wise County Messenger the deal could be finalized as early as March 5 and by the end of March at the latest, depending on when the Texas attorney general’s office approves it.

More Articles on Hospital Transactions:

Prime Healthcare Signs Agreement to Purchase Saint Michael’s in NJ
Wise Regional Health System in Texas Bids $20M for North Texas Community Hospital
Licking Memorial Health System Completes Acquisition of Medical Center of Newark

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