Hospital Partners of America, Charlotte, N.C., has reached an agreement to buy Deaconess Hospital, Cleveland, out of bankruptcy for $3 million, court records show. The records do not indicate whether the court has approved the sale, but the Charlotte Observer reported that the court approved it last week. The deal would give investor-owned HPA three hospitals. HPA officials could not be reached at deadline. The company, formerly known as OrthoNeuro Corp., seeks physician investors for its hospitals. Its chairman is Stephen Puckett, who founded MedCath Corp. in 1988. Deaconess Hospital filed for Chapter 11 protection in November in U.S. Bankruptcy Court in Cleveland, the second time in four years the hospital filed for bankruptcy. -- by Vince Galloro
Small for-profit to buy bankrupt Cleveland hospital
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