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Pa.: Non-profit hospital sold to for-profit co.



By AP
20 August 2008 @ 12:23 pm EST

WILKES-BARRE, Pa. - A northeastern Pennsylvania nonprofit health care network plans to sell to a for-profit company.

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The Wyoming Valley Health Care System has 3,200 employees. Its properties include Wilkes-Barre General Hospital.

The system announced Tuesday that it has signed a nonbinding letter of intent to sell to Franklin, Tenn.-based Community Health Systems Inc.

There was no immediate word on the sale price. More information was to be released at a Wednesday afternoon announcement in Edwardsville.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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