Video courtesy of PA Homepage
EYEWITNESS NEWS (WBRE/WYOU) — On Wednesday, WoodBridge Healthcare Inc. announced they signed a contract to acquire Commonwealth Health.
In a release, the hospital company, WoodBridge Healthcare Inc., announced they have signed an asset purchase agreement to obtain Commonwealth Health in Northeastern Pennsylvania from Community Health Systems subsidiaries.
The sale is scheduled to finish in the fourth quarter of 2024, according to WoodBridge.
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.