Nashville, Tenn.-based RegionalCare Hospital Partners has offered $181.5 million to operate Cheyenne (Wyo.) Regional Medical Center, according to a Wyoming Tribune Eagle report.
The for-profit company made an unsolicited offer to the hospital, which is a non-profit run by Laramie County. RegionalCare wants to lease the medical center for 50 years — a strategy CRMC's CEO, John Lucas, MD, compared to buying the hospital since it is so long-term.
CRMC is forming a committee to evaluate the hospital's current market and financial capabilities. RegionalCare's is the first unsolicited offer CRMC has received, but it anticipates more due to the healthcare climate.
Read the Wyoming Tribune Eagle report on Cheyenne Regional Medical Center.
Read about other recent hospital transactions:
- Chicago's Loyola University to Receive $100M From Hospital Sale
- California's Community Hospital of Long Beach Shifts Lease to Long Beach Memorial
The for-profit company made an unsolicited offer to the hospital, which is a non-profit run by Laramie County. RegionalCare wants to lease the medical center for 50 years — a strategy CRMC's CEO, John Lucas, MD, compared to buying the hospital since it is so long-term.
CRMC is forming a committee to evaluate the hospital's current market and financial capabilities. RegionalCare's is the first unsolicited offer CRMC has received, but it anticipates more due to the healthcare climate.
Read the Wyoming Tribune Eagle report on Cheyenne Regional Medical Center.
Read about other recent hospital transactions:
- Chicago's Loyola University to Receive $100M From Hospital Sale
- California's Community Hospital of Long Beach Shifts Lease to Long Beach Memorial