The planned purchase originally was announced in May.
The deal adds eight long-term care locations, 15 specialty hospitals and approximately 3,000 employees to ScionHealth’s 28-state network. ScionHealth was established in late 2021, and the company said that the acquisition of Cornerstone is the first step in its growth plan.
“When we launched ScionHealth, we knew our portfolio would serve as a strong platform for growth,” ScionHealth CEO Rob Jay said in May.
Cornerstone Specialty Hospitals Clear Lake and Cornerstone Specialty Hospitals Houston Medical Center are excluded from the acquisition.
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