A county judge has approved the proposed $152 million sale of Moses Taylor Healthcare System in Scranton, Pa., to Community Health Systems, according to a Times Leader report.
The $152 million will settle outstanding liabilities of up to $127 million while continuing funding for a foundation focusing on Moses Taylor's mission. Franklin, Tenn.-based CHS also agreed to invest $60 million over five years in the facility and technology upgrades when the transaction was proposed in July.
A spokesman for the Attorney General's Office has said the AG has no objection to the pending transaction.
Pennsylvania's Moses Taylor Hopes for December Hearing on Sale to CHS
CHS Announces Definitive Agreement to Purchase Pennsylvania's Moses Taylor
The $152 million will settle outstanding liabilities of up to $127 million while continuing funding for a foundation focusing on Moses Taylor's mission. Franklin, Tenn.-based CHS also agreed to invest $60 million over five years in the facility and technology upgrades when the transaction was proposed in July.
A spokesman for the Attorney General's Office has said the AG has no objection to the pending transaction.
Related Articles on Moses Taylor Healthcare:
Medical Staff at Pennsylvania's Moses Taylor Support Sale to CHSPennsylvania's Moses Taylor Hopes for December Hearing on Sale to CHS
CHS Announces Definitive Agreement to Purchase Pennsylvania's Moses Taylor