Spectrum Health to acquire Fremont hospital May 1
GRAND RAPIDS Spectrum Health is acquiring Gerber Memorial Health Services. Spectrum spokesman Bruce Rossman says Grand Rapids-based Spectrum will officially acquire the 61-bed hospital in Fremont on May 1. Terms of the deal aren’t being released. Rossman says patients at Gerber will experience the same level of care now provided by the nonprofit hospital. Gerber, the only hospital in Newaygo …
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AdCare Health Systems to Acquire Two Alabama Nursing Homes for $18.5 Million
SPRINGFIELD, OH–(Marketwire – 03/10/10) – AdCare Health Systems, Inc. (AMEX: ADK – News ), an Ohio-based long-term care, home care and management company, has signed a definitive purchase agreement for two privately-held nursing homes in Alabama for $18.5 million. The facilities have a total of 312 beds and currently generate approximately $18 million in annualized revenue. The acquisitions …
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