Newspaper article Pittsburgh Post-Gazette (Pittsburgh, PA)

Ellwood City Hospital Bought by Florida Company

Newspaper article Pittsburgh Post-Gazette (Pittsburgh, PA)

Ellwood City Hospital Bought by Florida Company

Article excerpt

Financially troubled Ellwood City Hospital has been acquired by Americore Health, LLC, a Fort Lauderdale, Fla.-based privately held company formed just a year ago that specializes in acquiring and managing rural hospitals.

In a brief phone conversation Tuesday, Americore Health CEO Grant White said Ellwood City will continue to function as an acute care hospital, with plans for adding services and opening up new revenue streams.

He declined to give specifics regarding staffing or disclose terms of the deal, which was more than six months in the making.

The partnership represents a lifeline for the 104-year-old Lawrence County hospital, which had been operating in the red for nearly 20 years.

Three years ago, hospital officials were forced to lay off 67 employees as a cost-cutting measure. …

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