Last August, the Clinic and Community Health Systems—a large, publicly traded hospital company in Franklin, Tenn.—said they planned to acquire the financially stressed health system in Summit County as part of a new joint venture and convert it to a for-profit enterprise.
Akron General CEO Dr. Thomas “Tim” Stover said the potential deal wilted due to disagreements between Community Health Systems and the Clinic. A Clinic spokeswoman declined comment and deferred to Community Health Systems.Dr. Stover said Akron General plans to open talks with other health systems about a similar deal, but he would not say which ones. When the potential deal with the Clinic and Community Health Systems was announced in August, Akron General only had signed a non-binding letter of intent to proceed with the discussions.