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CHS divests 2 South Carolina hospitals

Subsidiaries of Franklin, Tenn.-based Community Health Systems have divested Chesterfield General Hospital in Cheraw, S.C., and Marlboro Park Hospital in Bennettsville, S.C.

The ownership interest in those hospitals, and related outpatient services, has been sold to M/C Healthcare, effective April 1.

Through May 1, the hospitals will continue to be operated by M/C Healthcare until a definitive agreement can be completed for a safe and orderly transition to Florence, S.C.-based McLeod Health, which recently signed a letter of intent relating to both facilities.

McLeod plans to operate Chesterfield General Hospital, and will transfer health services provided at Marlboro Park Hospital to Cheraw, according to a SCNow report.

 

More articles on hospital transactions and valuation issues:

Robinson Health System to join University Hospitals

IU Health La Porte in exclusive partnership talks with CHS subsidiary

Healthcare M&A activity posts record-breaking totals in 2014

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