CHS will sell its last two Wash. hos­pi­tals for $45 mil­lion

Modern Healthcare - - REGIONAL NEWS - —Dave Barkholz

Com­mu­nity Health Sys­tems is sell­ing its last two hos­pi­tals in Wash­ing­ton state to help pay down $15 bil­lion in debt.

Sun­ny­side Com­mu­nity Hos­pi­tal & Clin­ics has agreed to pay CHS $45 mil­lion, in­clud­ing work­ing cap­i­tal, for 214bed Yakima (Wash.) Re­gional Med­i­cal & Car­diac Cen­ter and 63-bed Top­pen­ish (Wash.) Com­mu­nity Hos­pi­tal.

Last month, strug­gling CHS agreed to sell its larger two-hos­pi­tal sys­tem in Spokane, Wash., to Mul­tiCare Health Sys­tem for $425 mil­lion. The Rock­wood Health Sys­tem in­cludes 388-bed Dea­coness Hos­pi­tal in Spokane, 123-bed Val­ley Hos­pi­tal in Spokane Val­ley and the mul­ti­spe­cialty Rock­wood Clinic.

The Spokane and Yakima hos­pi­tals were about three hours apart, mak­ing the pair a small hub in the state that CHS felt it could af­ford to sell.

Franklin, Tenn.-based CHS has found buy­ers for eight of the 17 hos­pi­tals that it is sell­ing.

Ne­go­ti­a­tions are un­der­way for the sale of the other nine hos­pi­tals.

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