Com­mu­nity and LifePoint agree to buy three hos­pi­tals

Modern Healthcare - - Late News -

Two for-profit hospi­tal com­pa­nies reached agree­ments to buy three hos­pi­tals in the South. Com­mu­nity Health Sys­tems, Franklin, Tenn., agreed to non­bind­ing let­ters of in­tent on two sep­a­rate deals in South Carolina and West Vir­ginia, ac­cord­ing to the two sell­ers. Terms were not dis­closed in ei­ther deal, one in­volv­ing 240-bed Blue­field (W.Va.) Re­gional Med­i­cal Cen­ter and the other Mar­ion (S.C.) Re­gional Health­care Sys­tem. The Mar­ion sys­tem in­cludes 124-bed Mar­ion County Med­i­cal Cen­ter in Mullins, a 92-bed skilled-nurs­ing cen­ter and a physi­cian clinic and out­pa­tient cen­ter in Aynor, S.C. Mean­while, LifePoint Hos­pi­tals, Brent­wood, Tenn., said it agreed to ac­quire 75-bed Clark Re­gional Med­i­cal Cen­ter, Winch­ester, Ky., with a com­mit­ment to in­vest $60 mil­lion to build and equip a re­place­ment hospi­tal. Other terms of the deal were not dis­closed. LifePoint and Clark Re­gional said they ex­pect the deal to close by April 30. The hospi­tal in­cludes 25 skilled-nurs­ing beds. Merger ac­tiv­ity is high at the health sys­tem level as well (See cover story p. 6).

Blue­field (W.Va.) Hospi­tal is one of the two fa­cil­i­ties Com­mu­nity Health in­tends to buy.

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