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2 FIRMS ENTER AGREEMENT FOR LEASE OF MIDVALE HOSPITAL

SHARE 2 FIRMS ENTER AGREEMENT FOR LEASE OF MIDVALE HOSPITAL

Charter Medical Corp., Atlanta, and Ramsay Health Care Inc., New Orleans, have entered into an agreement for Ramsay to lease the 80-bed Charter Behavioral Health Hospital, 175 W. 7200 South. The lease will be signed later this month.

In the interim, Ramsay will manage the hospital from its facility in Woods Cross, Benchmark Behavioral Health System. Ramsay will operate the two hospitals as one system. The name of the Midvale facility will be Benchmark Behavioral Health System in Midvale.