Tenor Health Signs Letter of Intent to Acquire Three Commonwealth Hospitals

Tenor Health Foundation, a California-based nonprofit specializing in turning around financially struggling hospitals, has signed a letter of intent to acquire Regional Hospital of Scranton, Moses Taylor Hospital, and Wilkes-Barre General Hospital from Commonwealth Health Systems. This move follows a previously failed attempt by Woodbridge Healthcare Inc. to purchase the same facilities, with that deal collapsing in late 2024. The acquisition was initially intended to include only the Scranton hospitals but expanded to include Wilkes-Barre General Hospital to ensure healthcare services remain available in both communities. Commonwealth Health Systems and Tenor Health have expressed optimism that the transaction will preserve essential healthcare services and keep the hospitals operational. The Tenor Health Foundation has experience reopening financially challenged hospitals, including Sharon Medical Center, and plans to work closely with the communities served by these facilities. Commonwealth Health continues to provide updates as the process moves forward, with Tenor Health employees expected to be involved soon.