2013-08-28 – CHS to Acquire Sharon Regional Health System
According to MedCity News, Tennessee-based Community Health Systems has executed a letter of intent to purchase the assets of Sharon Regional Health System in a deal that could be completed by the end of this year.
The early agreement provides CHS with all Sharon Regional’s assets, including a 251-bed hospital. The system is Mercer County’s largest health-care provider, and it also boasts 23 satellite offices. Those include the Sharon Regional Medical Park in Hermitage, which offers diagnostic imaging, cancer care and a behavioral health outpatient center, as well as a diagnostic and specialty center in New Castle.
The deal would grow CHS’ footprint in Northeast Ohio, too. Sharon Regional owns and operates the Hubbard Diagnostic & Specialty Center, the Brookfield Family Medicine Center and the Liberty Family Medicine Center.
Regional spokesman Ed Newmeyer said Sharon Regional’s board conducted a yearlong review of potential buyers, aimed at retaining local control. Any purchase will keep intact a local board, and Newmeyer said Sharon Regional’s workforce will not be reduced in any way.