A healthcare company has agreed to purchase St. Francis Hospital in Columbus.
Life Point Health of Brentwood, Tennessee announcing Thursday they have signed a "letter of intent" to acquire the hospital.
When the acquisition is finalized, Saint Francis will operate as a taxpayer providing an important source of new tax revenue to support the local economy. This comes on the heels of troubling times at the hospital.
Back in November former Chief Financial Officer, Matt Moore was fired, shortly after 65 positions were eliminated.
Those decisions were made because a budget inaccuracy found that 30 million dollars was missing.
In March of this year former CEO, Robert Granger, resigned.
Kirk Wilson stepped in as the new Interim President and C-E-O of the embattled hospital in April.
St. Francis has been in previous discussions with two other healthcare facilities prior to this agreement with Life Point which would have to be reviewed by Georgia Attorney General, Sam Olens before being finalized.