L Bucks Hospital Sold

Lower Bucks Hospital in Bristol Township has been sold.

The buyer is Prime Healthcare Services, a for-profit hospital company based in California.

The deal calls for the new owner to keep it open for at least five years, invest $10 million in the hospital over that period, assume its debt, hire all 950 employees and honor union contracts.  The debt totals more than $2.5 million.  The 156-bed hospital has been running out of money for some time.

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