Community Health Systems and WoodBridge Healthcare agreed to cancel an agreement for WoodBridge to acquire some Community Health Systems assets in Pennsylvania.
- Termination was due to WoodBridge’s inability to satisfy the funding requirements because of developments affecting the expected proceeds available to the company from the issuance of publicly offered tax-exempt and taxable bonds
- Community Health to evaluate future options for its Commonwealth Health System in the state
- NOTE:
Pennsylvania Town to Sell $180 Million in Debt for Hospital Deal
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