Trends Wide
  • Home
  • Trending
  • AI & Tech
  • Crypto
  • Lifestyle
Contact US
No Result
View All Result
Trends Wide
  • Home
  • Trending
  • AI & Tech
  • Crypto
  • Lifestyle
No Result
View All Result
TrendsWide
Home Trending

Acquisition Deal Finalized for Scranton, Wilkes-Barre Hospitals

souhaib by souhaib
October 25, 2025
in Trending
Reading Time: 2 mins read
0



Tenor Health Foundation has signed a definitive agreement to acquire three Commonwealth Health hospitals in northeastern Pennsylvania: Regional Hospital of Scranton, Moses Taylor Hospital, and Wilkes-Barre General Hospital, along with their associated clinics and outpatient centers.

The transaction is contingent upon regulatory approval and the nonprofit Tenor finalizing its financing. According to a statement from Commonwealth Health, the deal is expected to be completed by the end of the year once funding is secured.

“This acquisition exemplifies our organization’s commitment to preserve valuable healthcare resources—specifically in the most vulnerable communities,” said Radha A. Savitala, Tenor Health Foundation’s chief executive officer. “We look forward to continuing to engage with all key stakeholders to ensure a seamless acquisition and transition.”

The announcement follows a period of significant uncertainty for the hospitals. A previous sale to another nonprofit, WoodBridge Healthcare, collapsed in November after the buyer failed to secure necessary bond financing. The failure of that deal stoked fears that the financially challenged Scranton hospitals could close, leaving a critical gap in the region’s healthcare services.

Related Post

Lions shatter Ulster’s unbeaten record despite Baloucoune hat-trick

College Football Today: Your Guide to Free, Legal Live Streams

Minnesota Duluth Snaps Gophers’ 65-Game Run Without a Shutout

SEC Suspends Referee Following Controversial Georgia-Auburn Game

In response, government officials and community leaders launched a coordinated effort to find a new buyer. A coalition of local organizations—including the Scranton Area Community Foundation, the AllOne Foundation, the Moses Taylor Foundation, and others—provided millions of dollars in stopgap funding to maintain services and pay staff at the Scranton facilities during the interim.

Local elected officials expressed cautious optimism about the agreement. U.S. Rep. Rob Bresnahan called it a “positive step toward ensuring the continuity of care for our community,” highlighting the hospitals’ role as critical health providers and major employers.

Scranton Mayor Paige Gebhardt Cognetti stated the primary goal has always been to keep the hospitals open and their staff employed. “I am cautiously optimistic that this sale means we will continue to have quality healthcare right here in Scranton,” she said, adding that the city would support Tenor in securing the required licenses and financing.

The instability has been a source of anxiety for community health partners. Maria Montoro Edwards, CEO of Maternal and Family Health Services, noted her organization was “very worried” about the potential closure of Moses Taylor Hospital, where most babies in the area are born, which could disrupt essential maternity care for local families.



Source link

Share212Tweet133Send

Related Posts

Lions shatter Ulster’s unbeaten record despite Baloucoune hat-trick
Trending

Lions shatter Ulster’s unbeaten record despite Baloucoune hat-trick

Lions Starting XV: Q. Horn, R. Keyter, H. van Wyk, Z. Mills, S. Davids, J. Smith, N. Steyn, C. Kotze,...

by souhaib
October 25, 2025
College Football Today: Your Guide to Free, Legal Live Streams
Trending

College Football Today: Your Guide to Free, Legal Live Streams

Although the popular illegal streaming service Streameast was shut down earlier this year, college football fans have several legal options...

by souhaib
October 25, 2025
Next Post
Predicting Ipswich Town’s Starting Lineup for West Brom Showdown

Predicting Ipswich Town's Starting Lineup for West Brom Showdown

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent News

Lions shatter Ulster’s unbeaten record despite Baloucoune hat-trick

Lions shatter Ulster’s unbeaten record despite Baloucoune hat-trick

October 25, 2025
College Football Today: Your Guide to Free, Legal Live Streams

College Football Today: Your Guide to Free, Legal Live Streams

October 25, 2025
Minnesota Duluth Snaps Gophers’ 65-Game Run Without a Shutout

Minnesota Duluth Snaps Gophers’ 65-Game Run Without a Shutout

October 25, 2025
SEC Suspends Referee Following Controversial Georgia-Auburn Game

SEC Suspends Referee Following Controversial Georgia-Auburn Game

October 25, 2025

Trends Wide is a modern digital platform that brings you the latest updates and insights from the worlds of AI, technology, crypto, Business, and trending topics. Our mission is to keep you informed with fresh, reliable, and engaging content that reflects the fast-paced changes in today’s digital era.

EMAIL: souhaib@trendswide.com

About

  • About Us
  • Contact Us
  • Privacy Policy
  • Terms and Conditions

Categories

  • Home
  • Trending
  • AI & Tech
  • Crypto

Join Our Newsletter

Copyright © 2025 by Trends Wide.

Facebook-f Twitter Youtube Instagram

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Trending
  • AI & Tech
  • Crypto
  • Contact Us

© 2022 JNews - Premium WordPress news & magazine theme by Jegtheme.