WoodBridge Healthcare terminates $120M acquisition of Commonwealth Health due to failed bond financing.

The planned $120 million acquisition of Commonwealth Health, which includes three hospitals in Pennsylvania, by nonprofit WoodBridge Healthcare has been terminated due to WoodBridge's failure to secure bond financing. Despite governmental approvals for the funding, the investment firm Zeigler could not issue the required tax-exempt bonds. WoodBridge thanked Community Health Systems for their efforts during the process.

November 26, 2024
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