Pennsylvania allocates $4.5M to keep Sharon Regional Medical Center operational for 3 months amid Steward Health Care's bankruptcy.

Pennsylvania has allocated $4.5 million to keep Sharon Regional Medical Center operational for three months while seeking a new owner, following Steward Health Care's bankruptcy. The funding, distributed in $1.5 million monthly installments, will cover essential expenses. Steward must maintain operations and cannot issue a closure notice during this period. If a sale to Meadville Medical Center or another buyer isn't finalized by December 1, the hospital may close.

September 10, 2024
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