The parent of not-for-profit Licking Memorial Hospital, Newark, Ohio, has completed its $26 million deal to buy 20-bed Medical Center of Newark, according to a news release.
When MCN reopens Jan. 7, the former physician-owned facility will initially offer only outpatient clinic services, as regulatory approval would be needed in order to provide other services. That process could take months, Licking Memorial Health Systems officials said in the release (PDF). Further plans for the facilities will be announced at a later date. Licking Memorial Hospital is a 199-bed facility located less than 2 miles from MCN.