Com­mu­nity Health Sys­tems’ ac­qui­si­tions ex­pand foot­prints in Fla., Pa.

Modern Healthcare - - REGIONAL NEWS - — Rachel Lan­den

Com­mu­nity Health Sys­tems, a pub­licly traded Franklin, Tenn.-based hospi­tal com­pany, this week com­pleted its ac­qui­si­tion of Sharon (Pa.) Re­gional Health Sys­tem. CHS also signed a 40year lease of Mun­roe Re­gional Med­i­cal Cen­ter in Ocala, Fla.

The Sharon Re­gional ac­qui­si­tion in­cludes its 218-bed med­i­cal cen­ter, out­pa­tient cen­ters and af­fil­i­ated physi­cian prac­tices that serve north­east Ohio and north­west Penn­syl­va­nia. Com­mu­nity Health Sys­tems has its sec­ond­largest state pres­ence in Penn­syl­va­nia.

The long-term pre­paid lease of 420bed Mun­roe Re­gional also in­cludes the med­i­cal cen­ter’s clin­i­cal af­fil­i­a­tion with UF Health Shands Hospi­tal in Gainesville, Fla. That lease makes Florida Com­mu­nity Health Sys­tems’ largest mar­ket with 26 af­fil­i­ated hospi­tal. The lease is the cul­mi­na­tion of ne­go­ti­a­tions that be­gan be­tween Mun­roe Re­gional and Health Man­age­ment As­so­ciates, which Com­mu­nity Health Sys­tems ac­quired in Jan­uary.

“The ac­qui­si­tion of Sharon Re­gional and the lease of Mun­roe Re­gional are im­por­tant, strate­gic af­fil­i­a­tions for our com­pany as we work to de­velop net­works in key states,” Wayne Smith, chair­man and CEO of Com­mu­nity Health Sys­tems, said in a re­lease. “Both hos­pi­tals have served their re­spec­tive com­mu­ni­ties with qual­ity care for many years, and we ap­pre­ci­ate the op­por­tu­nity to work with the med­i­cal staffs and em­ploy­ees in their com­mit­ment to pro­vid­ing qual­ity health ser­vices.”

Com­mu­nity Health Sys­tems is one of the largest for-profit hospi­tal chains

in the U.S. in terms of rev­enue. It comes in just be­hind HCA and not-for­profit As­cen­sion Health in Mod­ern Health­care’s pub­lished rank­ing of hospi­tal sys­tems last June, which used 2012-re­ported net pa­tient rev­enue. Com­mu­nity Health Sys­tems re­ported rev­enue of $13.029 bil­lion for 2012 and rev­enue of $12.997 bil­lion for 2013.

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