Investor-owned Symphony Healthcare, Nashville, is in discussions to sell its only two hospitals to two separate groups of physician investors, according to a spokeswoman for one of the investor groups. One of the hospitals, 77-bed Woodland Park Hospital, Portland, Ore., closed Wednesday pending the negotiations, said Dianne Danowski-Smith, a spokeswoman for the physicians interested in buying Woodland Park. A credit company working with Symphony accepted a letter of intent from the physicians last December, but the parties continue to negotiate over payment of potential back taxes, accounts payable and other liabilities, Danowski-Smith said. Negotiations also continue for the sale of 77-bed Eastmoreland Hospital, Portland, to a separate physician-investor group, Danowski-Smith said. Officials with Symphony did not return repeated telephone calls for comment. Symphony bought the hospitals from now-defunct HealthMont, Franklin, Tenn., nearly two years ago. -- by Vince Galloro
Small for-profit in talks to sell only hospitals
Send us a letter
Have an opinion about this story? Click here to submit a Letter to the Editor, and we may publish it in print.