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UPDATE: Florida company completes deal to manage Lee County hospital

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A Florida start-up healthcare company will purchase and reopen the Lee County Hospital.

The hospital authority has approved a purchase by Americore for $2 million. Mountain States Health Alliance also made an offer.

As a part of the approved agreement, Americore plans to reopen the hospital as a critical access facility and provide other services including behavioral health, de-tox rehab programs, and veterans' care.

Wellmont Health System formerly owned the Lee County Hospital but it closed in 2013 due to low patient numbers and financial losses.

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