Health Management Associates, Naples, Fla., has agreed to sell 133-bed Mountain View Regional Medical Center, Norton, Va., and 50-bed Lee Regional Medical Center, Pennington Gap, Va., to Wellmont Health System, of Kingsport, Tenn.
Although the terms were not disclosed, I imagine there is a pretty big pricetag.
Read more – modernhealthcare.com.
The purpose? President of Wellmont Health says it will improve local healthcqare. http://www.tricities.com/tristate/tri/news.apx.-content-articles-TRI-2007-06-04-0032.html