Glasgow, Ky.-based T.J. Regional Health is making a proposal to acquire Westlake Regional Hospital in Columbia, Ky., according to a WBKO report.
Westlake is currently owned and operated by the Adair County Public Hospital Corp., and the Adair County Hospital District, which each filed for chapter 9 bankruptcy in July 2013.
The hospital has remained operational since the bankruptcy filing, but is financially distressed. If the proposed deal is approved, Westlake will have access to new clinical, operational and financial resources, according to the report.
More articles on healthcare industry transactions:
8 recent hospital transactions and partnerships
Prime completes takeover of NJ health system
26 hospital transactions and partnerships in September