Sharon Regional Health System looking to for-profit buyout
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.
Show commenting policy
TribLive commenting policy
- Starkey: Rutherford hits jackpot with Kessel
- Rossi: Wild Wednesday proves Steelers rule
- Penguins get their man in making trade with Toronto for Kessel
- 2B Walker, Pirates smash through Tigers pitching in road victory
- Pirates notebook: Cole cool about hostile comment
- Penguins notebook: Rutherford proves savvy in deal
- Saxonburg residents surprised by zoning proposal
- Auction of Dick Scaife’s home decor brings $3.9 million
- Steelers submit application to play host to Super Bowl in 2023
- Pitt’s Boyd waives right to preliminary hearing
- Judge revokes bail for Plum High School teacher