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Ottumwa (IA) hospital bought by for-profit group

DesMoinesRegister.com, December 16, 2009

A for-profit healthcare company from Tennessee has agreed to purchase Ottumwa, IA's hospital. The sale of Ottumwa Regional Health Center would make it the only sizable Iowa hospital to be run as a for-profit business, the Des Moines Register reports. The Tennessee company, RegionalCare Hospital Partners, intends to make the 217-bed Ottumwa facility its first hospital. The company is led by industry veterans who used to run a large healthcare chain, and said they want to add more hospitals.