North Carolina hospital receives 7 takeover bids

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..

© Copyright ASC COMMUNICATIONS 2020. Intrigued in LINKING to or REPRINTING this material? View our policies by click on this link.

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..

More short articles on healthcare market deals: Atrium, Wake Forest Baptist combine to develop 42-hospital systemOrlando Health closes $86M acquisition of CHS hospitalAdvocate Aurora, Beaumont cancel merger.