[Wilkes-Barre Times Leader] WoodBridge Healthcare signs contract to acquire CHS hospitals later this year

WILKES-BARRE — In an acquisition the buyer said will enhance health care services for growing communities of Northeast Pennsylvania, nonprofit WoodBridge Healthcare Inc. announced on Tuesday that the company signed an asset purchase agreement to acquire Commonwealth Health in Northeastern Pennsylvania from subsidiaries of Community Health Systems Inc.

The sale is scheduled to be complete in the fourth quarter this year.

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.