Tenor Health Foundation Plans Acquisition of Three Pennsylvania Hospitals Pending Regulatory Approval

Tenor Health Foundation, a California-based nonprofit focused on turning around financially challenged hospitals, has signed a definitive agreement to acquire three hospitals in Northeastern Pennsylvania: Wilkes-Barre General Hospital, Regional Hospital of Scranton, and Moses Taylor Hospital, along with associated clinics. The acquisition, previously delayed after a failed deal with WoodBridge Healthcare, is subject to regulatory approval and contingent on Tenor finalizing its funding, with a closing expected by the fourth quarter of 2025. Local officials, including Scranton Mayor Paige Cognetti and U.S. Rep. Rob Bresnahan, have expressed support and optimism, emphasizing the importance of maintaining healthcare services and employment for the community. Tenor Health CEO Radha A. Savitala highlighted the commitment to preserving vital healthcare resources in vulnerable communities and ensuring a smooth transition. This transaction follows extensive collaboration between CHS representatives, state officials, and community leaders to find a sustainable operator for these hospitals, which are crucial medical hubs and major employers in the region. The sale marks a significant effort to protect the healthcare infrastructure in Northeastern Pennsylvania amid ongoing financial challenges faced by Community Health Systems.