Sponsored by VMG Health | info@vmghealth.com | 214.369.4888

Scott County Hospital Sale in Tennessee Fails

Plans to sell and reopen Scott County Hospital in Oneida, Tenn., fell through after would-be buyer SM Promen of Tennessee was unable to finance the required $3 million down payment yesterday, having already extended the deadline from four weeks earlier, according to a report by WATE.

The 25-bed hospital, formerly known as St. Mary's Hospital of Scott County, shut its doors last May after its contract with its previous operator, Mercy Health Partners, now Knoxville, Tenn.-based Tennova Healthcare, was allowed to expire after when Mercy was acquired by Naples, Fla.-based hospital chain Health Management Associates.

A meeting has been scheduled next Monday for county officials to regroup and plan for a new option for the shuttered hospital's future.

More Articles on Hospital Transactions:

4Q Profit at Universal Health Services Jumps 42%
Hoag, St. Joseph Health in California Finalize Deal to Form Covenant Health
LifePoint, Portage Health in Michigan to Form Joint Venture

Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

 

Featured Whitepapers

Featured Webinars