Bankrupt Randolph Health has a buyer

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Randolph Health directors said recently that the sale is the primary service to keeping the medical facility open and maintaining tasks..

” While other potential buyers have actually revealed interest in pieces of Randolph Health, all other alternatives would lead to a closure of the healthcare facility, as well as the transfer of many services to other health centers and the loss of a considerable variety of tasks,” Randolph Health.
Randolph Health submitted for Chapter 11 bankruptcy in March, saying it would help the health system restructure its debt.

Alia Paavola –
Tuesday, September 1st, 2020

Randolph Health, an insolvent single-hospital system based in Asheboro, N.C., has actually finalized an agreement to be sold to the Dava Foundation, according to the Courier-Tribune.

Under the offer, the Dava Foundation would get all of Randolph Healths functional possessions, and a Tennessee health center operator, Java Medical Group, would handle the everyday operations at the single-hospital system..

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The asset purchase agreement was submitted with a North Carolina bankruptcy court last week. The offer will need approval of the bankruptcy court..