St. Luke’s University Health Network, based in Bethlehem, Pa., acquired Warren Hospital in February 2012 after initially announcing merger plans in April 2011. At the time, the 214-bed hospital had more than $70 million of debt.
Since then, the health system has refinanced $45 million of Warren Hospital’s debt, which is expected to save $5 million annually, and it has made more than $55 million in investments, according to the report.
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