Thur. 4:45 p.m.: TMH, other local hospitals, sold
WARREN – Community Health Systems Inc. announced today it has reached a definitive agreement to sell Trumbull Memorial Hospital, Hillside Rehabilitation Hospital and Northside Medical Center.
The Valley health care facilities are among eight CHS has agreed to sell to subsidiaries of Steward Health Care LLC.
Also included in the transaction is Sharon Regional Health System in Sharon, Pa.
The transaction is expected to close in the second quarter of 2017, subject to customary regulatory approvals and closing conditions, CHS reported.