Com­mu­nity Health Sys­tems sell­ing four S.C. hos­pi­tals

Modern Healthcare - - Regional News - —Tara Ban­now

Com­mu­nity Health Sys­tems plans to shed four more hos­pi­tals as part of its ag­gres­sive di­vesti­ture pro­gram, this time in South Carolina.

The Franklin, Tenn.-based chain has signed a de­fin­i­tive agree­ment to sell the hos­pi­tals to the Med­i­cal Univer­sity Hos­pi­tal Author­ity in Charleston. In­vestor-owned CHS ex­pects the deal to close in the first quar­ter of 2019, sub­ject to cus­tom­ary reg­u­la­tory ap­provals and clos­ing con­di­tions.

The fa­cil­i­ties in­clude 82-bed Ch­ester (S.C.) Re­gional Med­i­cal Cen­ter, 225bed Springs Me­mo­rial Hos­pi­tal in Lan­caster, 396-bed Caroli­nas Hos­pi­tal Sys­tem in Florence and 124-bed Caroli­nas Hos­pi­tal Sys­tem-Mar­ion in Mullins. The deal en­com­passes re­lated busi­nesses, in­clud­ing physi­cian clinic op­er­a­tions and out­pa­tient ser­vices. The hos­pi­tal author­ity will as­sume the long-term lease and op­er­a­tions of Ch­ester Re­gional, sub­ject to ap­proval by the Ch­ester County Hos­pi­tal Board.

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