Video courtesy of fox56 WOLF
SCRANTON, LACKAWANNA CO. (WOLF) — In an online release Community Health Systems, which owns Commonwealth Health facilities in Scranton and Wilkes-Barre, says the three campuses will be sold to WoodBridge Healthcare Inc. by the end of the year.
According to the release, the three hospitals and related businesses will be sold for $120 million.
The acquisition also includes Commonwealth Health’s ambulatory surgery centers, emergency departments, imaging centers, and even outpatient rehabilitation.
Following the announcement, Congressman Cartwright released a statement saying in part, “I’m optimistic that these important healthcare assets will be saved and hopeful that this new owner will be more accountable to the patients, the staff, and the community it serves.”
About WoodBridge
WoodBridge Healthcare is a not-for-profit, 501(c)(3) organization dedicated to helping hospitals and health systems provide high-quality, patient-centered care and community support. Our goal is to achieve this by acquiring hospitals in urban and rural areas, providing capital and optimizing their operations and services to better position the hospitals and caregivers to serve their patients and their community. The WoodBridge Healthcare leadership team consists of healthcare industry experts with decades of experience who are dedicated to preserving and expanding access to care in the communities we serve.