Phoebe-Palmyra Closing Delayed Once More
Wednesday, April 13th, 2011
Phoebe's plan to close on its purchase of Palmyra Medical Center tomorrow has been delayed.
No exact date has been set for the closing.
The following information was provided to the employees of both Phoebe Putney Memorial Hospital and Palmyra Medical Center:
The date has been adjusted to complete work required prior to closing, which includes numerous matters of due diligence and review and analysis, as well as regulatory and compliance matters. All parties continue to work diligently on the most expeditious completion of this transaction, and we anticipate that closing will occur as soon as the Hospital Authority and HCA-Palmyra Medical Center have completed all preparations for the closing and transition.