Wednesday, August 18, 2010

Bankruptcy judge approves Sumner Regional's sale to LifePoint

A Nashville bankruptcy judge this week approved a settlement agreement that allows for the sale of Sumner Regional Health Systems to Brentwood-based LifePoint Hospitals Inc. to go forward.
The deal is expected to close Aug. 31.

The agreement approved by Judge Marian F. Harrison of U.S. Bankruptcy Court for Middle Tennessee was signed by the Gallatin-based Sumner Regional, Sumner County, the bond trustee and a committee of unsecured creditors.

The four-hospital Sumner Regional system first disclosed its agreement to sell to LifePoint along with a bankruptcy filing in late April.

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