LOUISVILLE, Ky. (WDRB) – Floyd Memorial Hospital and Health Services is looking to sell to Baptist Health, according to a release from the hospital.

The pending acquisition would be worth $150 million as presented at Tuesday night’s Floyd County Council meeting, according to a spokesperson.

A total of $75 million would be paid up front, with another $75 million paid over 10 years – plus additional capital funds.

Further details were not immediately available about the tentative deal.

A press conference has been scheduled for Wednesday morning to release more information.

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