Community Health Services puts in bid to purchase Forum Health
YOUNGSTOWN — Community Health Services of Tennessee have put in a formal bid to buy Forum Health.
Forum confirmed the bid today, and issued this statement: "We are surprised that representatives of organized labor have chosen to comment on a potential purchase by Community Health Systems without having seen the specifics of its bid."
At a press conference today, leaders representing union workers at Forum's three major facilities — Northside Medical Center in Youngstown, Trumbull Memorial Hospital in Warren, and Hillside Rehabilitation Hosptial in Howland — expressed concern with Community Health's track record with union employees at its other facilities.
The deadline to submit bids to the U.S. Bankruptcy Court for Forum's assets is 5 p.m. Tuesday. Forum Health filed for bankruptcy in March 2009.
Ardent Health Services, also based in Tennessee, has submitted a bid of $69.8 million to purchase Forum. If Forum selects a party other than Ardent as the highest and best bid, the health-care system's board will submit that bid to the Ohio Attorney General's office for review.
Today, Ohio Attorney General Richard Cordray approved Ardent's bid to purchase Forum Health.
For the complete story, see Tuesday's Vindicator and Vindy.com