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LGH changes hands, name

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Former CEO Tom Stone said the actual sale price was $36 million, with somewhere between $6 million and $7 million in working capital, making the net sale price between $42 million and $43 million.

“That will amount to about $20.3 million for a local public health foundation,” Stone said. “The rest will go to pay off Lincoln General’s three partners: Glenwood Regional Medical Center, St. Francis Regional Medical Center and Willis-Knighton Hospital in Shreveport.

Stone said by law, it will take at least several years to shut down Lincoln Health Systems.

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