FORT WAYNE, Ind. (WOWO): A local group of doctors offered to buy Lutheran Health Network from their parent company, Community Health Services, but as WOWO News reported earlier this week, CHS rejected the $2.4 billion offer. Officials with CHS said it was too low of an offer to entertain. So what does the failed buyout mean for Lutheran Health Network?
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Lucretia Cardenas with Greater Fort Wayne Business Weekly tells WOWO News, it’s hard to predict what will happen next.
“From here on out, it’s kind of unclear how Lutheran Health Network can move forward given all of the public displays of discontent with CHS,” said Cardenas. “There’s been a lot of sentiment out in the community saying ‘we don’t like CHS, we want this locally owned,’ but CHS is still committed to spending about $500 million in improvements.
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After the rejected deal, CHS officials did reaffirm their commitment to making $500 million in Lutheran Health Network upgrades during the next five to six years.
