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Sale of ProMedica Coldwater Hospital (transaction cancelled November 2023)

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Sale of ProMedica Coldwater Hospital (transaction cancelled November 2023)

Sale of ProMedica Coldwater Hospital

On April 1, 2023, ProMedica Health System, Inc., and an affiliate of American Healthcare Services, Inc., AHS Coldwater LLC, entered into an Asset Purchase Agreement for the sale of substantially all of the assets of Coldwater Regional Hospital for $8,500,000.

The closing of this transaction is conditioned upon, and subject to review and approval by, the State of Michigan Department of Attorney General.

The Department of Attorney General will continue to post documents to this page as it continues its review of the transaction.

Transaction Update

On November 3, 2023, ProMedica Health System, Inc. exercised its option to terminate the proposed sale.

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