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REID HEALTH ACQUIRES FAYETTE REGIONAL

(Connersville, IN)--Reid Health has acquired much of Fayette Regional Health System.  A statement released Monday from Reid indicated that it has entered into an agreement to acquire much of the assets of the Connersville hospital.  The deal calls for Reid to pay nearly $13 million to Fayette Regional’s bankruptcy estate.  The hospital filed for bankruptcy protection last fall.  Final approval must be granted by a federal Bankruptcy Court.  It’s expected to be finalized in two months.  Fayette Regional employees – nearly 400 of them – were told last week that they would no longer be employed by Fayette Regional by mid-July.  There was no specific word on how the deal affects those employees.

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