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Bloomberg: CHS hospitals suffer under corporate ownership
Roger DuPuis//June 1, 2017//
Listen to this articleCHS has 15 hospitals in Pennsylvania, including four in the midstate. But nine of them — including the four in Cumberland, York and Lancaster Counties — are slated for sale.
A Bloomberg news report this morning states that doctors at some CHS facilities are rising up in protest against conditions and costs to patients, with a group of physicians in Indiana trying to buy out the company to return their region’s health system to local ownership.
Tennessee-based CHS, a for-profit company, has 146 hospitals in 21 states.
There was no mention of any Pennsylvania hospitals in the report.
Bloomberg said CHS spokeswoman Tomi Galin could not immediately be reached for comment. The Business Journal also tried unsuccessfully to reach her Thursday morning.
Galin did respond to the Business Journal separately late Wednesday in connection with a story about the Pennsylvania hospital sales.
She confirmed that the chain is in the process of a divestiture plan that encompasses 10 hospital transactions covering 30 hospitals, of which 11 have already closed; 17 more are under definitive agreement and two are under a letter of intent.
The sale of four midstate hospitals to Harrisburg-based PinnacleHealth “remains on track and is expected to close in the second quarter this year,” she said.
The sale of five southeastern Pennsylvania hospitals to Berks County-based Reading Health is expected to close this summer, subject to regulatory approvals and closing conditions, officials have said.
Galin said the parties are not releasing the transaction price.
