Community Health Systems Inc. said Tuesday that it has bought two more hospitals for $152 million in northeastern Pennsylvania, giving it control over eight hospitals in the region.
The Tennessee-based company said the latest acquisitions are the 217-bed Moses Taylor Hospital in Scranton and 25-bed Mid-Valley Hospital in Peckville.
The $152 million deal, which was approved by a Lackawanna County judge last month, gives Community Health Systems subsidiaries control over substantially all of the assets of the Moses Taylor Health Care System.
Community Health Systems, a for-profit company near Nashville, has promised to make $60 million in capital improvements over five years at the Scranton and Peckville hospitals. It has made similar commitments for the other hospitals, spokeswoman Tomi Galin, a vice president, said in a telephone interview.
Since 1999, the company has bought Regional Hospital of Scranton, Tyler Memorial Hospital in Tunkhannock, Special Care hospital in Nanticoke, Wilkes-Barre General Hospital, First Hospital Wyoming Valley psychiatric hospital in Kingston and Berwick Hospital.
Community Health Systems says it currently owns, leases or operates 133 hospitals in 29 states, including 16 in Pennsylvania.