Medical Center of Newark (Ohio) has entered a confidentiality agreement with Licking Memorial Health System in Newark, but the nature of the discussions that spurred the agreement is unclear, according to a Columbus Business First report.
According to the report, Medical Center of Newark borrowed $800,000 from Dublin, Ohio-based Cardinal Health in an August mortgage filing that did not detail what the money was for. The facility also ended 2010 with a loss of $242,000 despite $20.1 million in revenue, according to the report.
McKenzie Health System, Marlette Regional Hospital to Affiliate
Banner Health, Maui Memorial Medical Center May Affiliate
According to the report, Medical Center of Newark borrowed $800,000 from Dublin, Ohio-based Cardinal Health in an August mortgage filing that did not detail what the money was for. The facility also ended 2010 with a loss of $242,000 despite $20.1 million in revenue, according to the report.
More Articles on Hospital Partnerships:
Stewart Memorial Community Hospital Joins Iowa Health System NetworkMcKenzie Health System, Marlette Regional Hospital to Affiliate
Banner Health, Maui Memorial Medical Center May Affiliate