D.C. hospital close to finalizing $5.2M bankruptcy deal

Laura Pedulli | | Health Exec | Economics

Washington, D.C.-based Specialty Hospital is close to finalizing a $5.2 million bankruptcy deal that paves the way for a sale to its hedge fund suitor, Silver Point Capital, reports Washington Business Journal.

The deal, which follows months of negotiations and extensions beyond an initially anticipated closing date of Aug. 15, needs approval from the U.S. Department of Justice.

Read more below:

Specialty Hospital of Washington close to $5.2M bankruptcy deal

Laura Pedulli

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