Sharon Regional Health System looking to for-profit buyout
By The Associated Press
Published: Wednesday, Aug. 28, 2013, 10:15 a.m.
A western Pennsylvania health system is in talks to be sold to a for-profit Tennessee conglomerate that owns, leases or operates 135 hospitals in 29 states.
A newspaper reports Sharon Regional Health System announced Tuesday it has a non-binding, tentative agreement to be sold to Franklin, Tenn.-based Community Health Systems Inc.
Details of the deal are expected to take two to three months to finalize.
Sharon Regional has 1,800 workers making it the largest employer in Mercer County, which borders Ohio along Interstate 80. Sharon Regional's flagship hospital is located about 60 miles northwest of Pittsburgh.
Community Health has purchased other hospitals just across the border from Sharon Regional, in recent years. They include Trumbull Memorial, Hillside and Northside hospitals in and around Youngstown and Warren, Ohio.
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