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Hospital That Was Private-Equity Backed Sold to Local Health Network


A health-care company that was backed by private equity and threatened to shut down a Pennsylvania hospital in the midst of the Covid-19 outbreak agreed to sell it to a local nonprofit health network.

St. Luke’s University Health Network said Wednesday it had agreed to buy Pennsylvania’s Easton Hospital from Dallas-based Steward Health Care System LLC, a deal that would avert the hospital’s closure during the pandemic.

The…



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