Meadville Medical Center cancels purchase of Sharon Regional, threatening its closure and local jobs.

Meadville Medical Center (MMC) has canceled its bid to purchase Sharon Regional Medical Center due to insufficient funding, leading to an imminent closure notice for Sharon Regional on January 6. MMC will still proceed with buying five physician practices from Steward Health Care to maintain local healthcare access. The hospital's closure would affect over 750 employees and reduce economic activity by $115 million in the area. Pennsylvania's Attorney General has expressed disappointment over the lack of an immediate solution to keep the hospital open.

3 months ago
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