The Ellwood City Hospital has changed many times since its official opening in 1910, but has only recently been struggling to keep the doors open over the past couple decades.
The facility is now looking forward to a brighter future after being sold to Americore Health LLC, a Florida based company specializing in acquiring and managing rural hospitals.
CEO Carolyn Izzo stated that after other local hospitals obtained partnerships she knew that the Ellwood City Hospital would also benefit from a partnership. The hospital’s board of trustees reviewed five different proposals before finally committing the sale to Americore, in an unanimous vote Monday evening.
“Plans for the hospital include added services and new and improved revenue streams,” Americore Health CEO Grant White said in a recently published article, furthering promising the company has many business strategies to promote a lively, growing hospital, according to another published source.
Ellwood City Hospital is not the only rural hospital facing financial struggles, according to this source, last year around this time a study showed that across the U.S., 673 rural hospitals were vulnerable to closure.
Although information regarding how the new management will affect staffing has not been released, it is known that the facility is currently staffed with nearly 400 employees.
Updates to follow.
To learn more about Americore Health, view their official website here.