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Sale of ProMedica Coldwater Hospital (transaction cancelled November 2023)
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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Transaction Documents
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Coldwater Regional Hospital Review
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Related Links
Frequently Asked Questions
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Where can I find documents related to this transaction?
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Why is Promedica selling the Coldwater Regional Hospital?
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How was a buyer chosen? Why AHS?
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Who is American Healthcare Systems?
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What happens to the proceeds from the sale?
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What happens to Coldwater Regional Hospital after the sale?
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Why is the Department of Attorney General involved?
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How is the Attorney General involved in this specific transaction?
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What does the Attorney General review?
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Will the Attorney General report the results of her review to the public?
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Will there be a way for the general public to offer their views regarding the sale?