Macon, Ga.-based Navicent Health will acquire Milledgeville, Ga.-based Oconee Regional Medical Center, which filed for chapter 11 protection in May, Becker's Hospital Review reported yesterday. ORMC filed the necessary motions in bankruptcy court in May to sell its assets to Prime Healthcare Foundation, the Ontario, Calif.-based nonprofit arm of Prime Healthcare Services. The motions included the opportunity for other interested parties to submit bids to acquire ORMC. The auction was held June 29 and Navicent was the highest bidder. The following day, the U.S. Bankruptcy Court for the Middle District of Georgia approved the transaction. Read more.
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