Community Health Systems has completed its purchase of two-hospital Empire Health Services, a locally owned, independent not-for-profit in Spokane, Wash., for $148 million.
We are very pleased to put this lengthy period of negotiation and approval process behind us and excited to begin implementing our plans for the improved operations of this health system, Wayne Smith, chairman, president and chief executive officer of the for-profit Franklin, Tenn.-based Community Health Systems, said in a written statement.
Last month, Providence Health Care, the Spokane system operated by Seattle-based Providence Health & Services, dropped its lawsuit related to the Empire sale. Providence had asked a judge to rule that Empire could not transfer its stake in a joint venture without Providences consent. -- by Rebecca Vesely