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Thursday, Aug 22
Community Health Systems and Cleveland Clinic begin negotiations for a joint venture
- Community Health Systems (CYH) and Cleveland Clinic say the organizations have been selected for exclusive negotiations toward the purchase of certain assets of Akron General Health System.
- The assets include: Akron General Medical Center, a 532-bed acute care hospital in Akron, Ohio, Edwin Shaw Rehabilitation Hospital in Cuyahoga Falls, Lodi Community Hospital, and other related healthcare facilities and services.
- A subsidiary of Community Health Systems and the Cleveland Clinic Foundation will form a new limited liability company to complete the proposed transaction.