YOUNGSTOWN, Ohio – “Are you ready to turnaround?” That’s the headline on the homepage of Tenor Health Partners, which reportedly wants to operate Sharon Regional Medical Center.

“When hospitals with good intentions get derailed, we save them,” the company states. “Tenor was established to ensure that financially struggling hospitals can survive and thrive across the cities and suburbs of America.”

WFMJ, WKBN and the Sharon Herald reported late Tuesday that Tenor, based in Pasadena, Calif., has reached an agreement in principle with Medical Properties Trust to operate the Sharon hospital properties. The news organizations attributed the information to Robert Rogalski, chairman of the hospital board, who met Tuesday with hospital staff.

The Business Journal has been unable to reach Rogalski.

An email and phone call to the CEO of Tenor Health Partners, Radha Savitala, were not returned.

Medical Properties Trust owns the Sharon hospital’s real estate. It was seeking at least $22 million to sell the properties to Meadville Medical Center.

When Meadville decided against operating the hospital, U.S. Bankruptcy Court in Houston set Jan. 6 as when bankrupt Steward Health Care could close Sharon Regional.

The website for Tenor describes its target market as hospitals “that are at moderate or high financial risk and are critically or moderately essential.”

In April, Tenor responded to a request for proposals to acquire the ailing Stokes Reynolds Memorial Hospital in Danbury, N.C. At the time, the hospital was owned by Stokes County.

In its bid for Stokes Reynolds, Tenor stated it is wholly owned by R2 Power Investments LLC, which is owned 100% by Savitala.

County officials subsequently ranked Tenor’s proposal as the third best of the three received, according to the local newspaper. Instead, they agreed to sell Stokes Reynolds to Novant Health, which offered to invest $50 million in the hospital.

Had the Tenor Health Partners’ proposal been accepted, Stokes Reynolds would have become the first hospital to be operated by the company.

As of this posting, no documents outlining an agreement between Tenor and Medial Properties Trust have been filed with bankruptcy court.