Exiting two states

Evans, Melanie
May 2011
Modern Healthcare;5/9/2011, Vol. 41 Issue 19, p16
Trade Publication
The article focuses on the deal entered by the Catholic Health Partners to sell three hospitals in Pennsylvania and entered another to sell its hospitals in Tennessee. Catholic Health has decided to sell its Tennessee hospitals to shed the debt burden that came with the system's 2008 acquisition of Baptist Health System of East Tennessee. The reduced Medicare reimbursement and the recession had both affected the finances of Mercy Health Partners.


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