Quo­rum Health has agreed to sell two of at least eight ru­ral hos­pi­tals it has for sale to re­duce debt and re­fine its port­fo­lio.

Modern Healthcare - - LATE NEWS -

The 38-hos­pi­tal sys­tem has a de­fin­i­tive agree­ment to sell its 64-bed Sand­hills Re­gional Med­i­cal Cen­ter in Ham­let, N.C., to FirstHealth of the Caroli­nas and its 56-bed Bar­row Re­gional Med­i­cal Cen­ter in Win­der, Ga., to North­east Ge­or­gia Health Sys­tem. Both deals are ex­pected to be com­pleted by year-end, sub­ject to reg­u­la­tory ap­provals. No terms were dis­closed. The Brent­wood, Tenn.-based sys­tem has drawn the ire of some in­vestors al­most from the time of its April spinoff from Com­mu­nity Health Sys­tems as a sep­a­rate public com­pany. CHS is us­ing the $1.2 bil­lion in pro­ceeds from the spinoff to pay down its debt, which is high by in­dus­try stan­dards.

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