Doylestown (PA) Hospital sells stake in wellness center
Philadelphia Inquirer, April 2, 2008
Doylestown (PA) Hospital has announced that it had improved its financial position with the $27.5 million sale of its majority interest in the Health & Wellness Center, coupled with a recent sale of $237 million in new revenue bonds. The Health & Wellness Center sale raises a net $3 million in cash and makes it easier for the hospital to move forward with a $63 million, 40-bed emergency facility to replace its current facility, said Doylestown representatives.
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