L Bucks Hospital Sold
The buyer is Prime Healthcare Services, a for-profit hospital company based in California.
The deal calls for the new owner to keep it open for at least five years, invest $10 million in the hospital over that period, assume its debt, hire all 950 employees and honor union contracts. The debt totals more than $2.5 million. The 156-bed hospital has been running out of money for some time.