Franklin, Tenn.-based Community Health Systems Inc. has offered $100 million to acquire Youngstown, Ohio-based Forum Health, outbidding Ardent Health Services, according to a Nashville Business Journal report.
CHS placed the bid on Monday, but the amount of the bid was only just disclosed. CHS trumps Ardent's $69.8 million bid for the three-hospital system.
CHS pursued the health system once before in 2006, but no deal was ever completed, according to the report.
Read the Nashville Business Journal report on Forum Health.
Read more coverage on Forum Health:
- Ardent's Deal to Buy Forum Health in Question After CHS Schedules Meeting With the System
- Ardent Health Services to Buy Bankrupt Forum Health for $69.8M
CHS placed the bid on Monday, but the amount of the bid was only just disclosed. CHS trumps Ardent's $69.8 million bid for the three-hospital system.
CHS pursued the health system once before in 2006, but no deal was ever completed, according to the report.
Read the Nashville Business Journal report on Forum Health.
Read more coverage on Forum Health:
- Ardent's Deal to Buy Forum Health in Question After CHS Schedules Meeting With the System
- Ardent Health Services to Buy Bankrupt Forum Health for $69.8M