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City Approves Ashland Community Hospital Sale to Asante

The City Council of Ashland, Ore., unanimously voted to approve Medford, Ore.-based health system Asante's takeover of Ashland Community Hospital, closing a two-year negotiation process, according to a report by the Mail Tribune.

Under the agreement, the city will transfer its ownership of the community hospital, including $14 million in debt and pension obligations, to Asante, which will continue to run ACH as a general hospital for 15 years and contribute $10 million in capital improvements over the next three years.

Asante has pledged to "make every effort" to offer employment opportunities to ACH's current staff, according to the report.

More Articles on Hospital Sales:

Alameda Health Requests $20M to Keep San Leandro Open Before Sale
Natchez Regional Hospital to Conduct Feasibility Study
Jackson Hospital Board Won't Sell or Lease

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