The Villages Health ("TVH") Announces Strategic Restructuring and Agreement to be Acquired by CenterWell
1. The Villages Health has filed for Chapter 11 bankruptcy. 2. CenterWell will acquire TVH's assets, continuing operations seamlessly. 3. TVH provides care to over 55,000 Medicare beneficiaries. 4. TVH is resolving significant Medicare billing issues with the U.S. government. 5. The agreement is structured to enhance patient care during the transition.