Bell Hospital Sold to LifePoint Hospitals

Posted by on June 21, 2013

Bell Hospital in Ishpeming has announced that it is being sold to LifePoint Hospitals, which has nearly 60 hospitals in 20 states.

Bell Chairman Dr. Robert DellAngelo says the deal should improve health care in the Upper Peninsula.

Bell says $1 million will go to a charitable foundation to “support crucial needs in the community.” The hospital didn’t elaborate.

LifePoint is a publicly traded company based in Brentwood, Tenn. The sale means the nonprofit hospital will become a private business and pay local taxes.

As part of LifePoint, the hospital would become a tax revenue to support the Ishpeming economy.

The agreement is subject to review by the Michigan Attorney General.

 

Source http://www.uppermichiganssource.com/news/story.aspx?id=912456#.UcSbuvkp-ew
June 21, 2013

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