Com­mu­nity Health Sys­tems selling Fla. hos­pi­tal to Prime

Modern Healthcare - - REGIONAL NEWS - —Beth Kutscher

Com­mu­nity Health Sys­tems is selling one of its hos­pi­tals in Florida to Prime Healthcare Ser­vices.

CHS has been tak­ing a hard look at its port­fo­lio of hos­pi­tals over the past year and has made a num­ber of di­vesti­tures and ac­qui­si­tions. The re­view comes in the af­ter­math of its 2014 block­buster merger with Health Man­age­ment As­so­ci­ates, which made it the largest chain by hos­pi­tal count.

The Franklin, Tenn.-based chain in Au­gust also dis­closed plans to spin off 38 ru­ral hos­pi­tals into a sep­a­rate com­pany as it con­cen­trates on build­ing re­gional net­works in its larger mar­kets.

In this latest deal, On­tario, Calif.based Prime will ac­quire 88-bed Le­high Re­gional Med­i­cal Cen­ter in Le­high Acres, Fla., a legacy HMA hos­pi­tal. The deal is ex­pected to close in the fourth quar­ter, and CHS said it is not ex­pected to have a mean­ing­ful fi­nan­cial im­pact on its earn­ings.

Af­ter the sale, CHS will con­tinue to op­er­ate 25 hos­pi­tals in Florida.

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