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
You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.
We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.
While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.
We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers.
We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.
We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.
We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.
We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.