A real estate investment fund has acquired East Ohio Regional Hospital in Martins Ferry and plans to reopen the facility later this year, according to The Intelligencer.
Irvine, Calif.-based Alecto Healthcare Services closed 140-bed East Ohio Regional in September, a few weeks after shutting down Ohio Valley Medical Center in Wheeling, W.Va.
Few details have been released by East Ohio Hospital LLC, the group that acquired East Ohio Regional. A lawyer involved in the transaction said more announcements will be made in coming weeks.
The real estate investment fund intends to reopen East Ohio Regional as a medical facility. The group also operates a mental health facility outside of Dayton, Ohio, according to WTOV.