Randolph Health CEO Angie Orth said the medical facility, which submitted for Chapter 11 insolvency in March, sold to Roanoke, Va.-based American Healthcare Systems, according to the report..
Objections to the offer will be accepted by the insolvency court up until Oct. 16. If there are no objections, the judge is expected to issue an order Oct. 22 to permit the deal to proceed..
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Randolph Health, a single-hospital system based in Asheboro, N.C., cost $18.5 million after receiving 7 takeover quotes throughout an insolvency auction, according to the Courier-Tribune..
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