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CHS divests 9 hospitals

Franklin, Tenn.-based Community Health Systems has completed its sale of nine hospitals.

CHS divested four hospitals to Harrisburg, Pa.-based PinnacleHealth System. The following hospitals are included in the transaction:

  • 100-bed Memorial Hospital of York (Pa.)
  • 214-bed Lancaster (Pa.) Regional Medical Center
  • 148-bed Heart of Lancaster Regional Medical Center in Lititz, Pa.
  • 165-bed Carlisle (Pa.) Regional Medical Center

CHS also divested hospitals in Louisiana, Texas and Washington. The company sold Spokane, Wash.-based Rockwood Health System, which includes two hospitals and a multi-specialty clinic, to Tacoma, Wash.-based MultiCare Health System. CHS divested 88-bed Lake Area Medical Center in Lake Charles, La., to Irving, Texas-based Christus Health and sold two Texas hospitals — 350-bed Tomball (Texas) Regional Medical Center and 67-bed South Texas Regional Medical Center in Jourdanton — to Nashville, Tenn.-based HCA Healthcare.

With the transactions completed, CHS operates 11 hospitals in Pennsylvania, two in Washington, two in Louisiana and 13 in Texas.

CHS divested the hospitals as part of a turnaround plan it put into place last year, which involves the company selling 30 hospitals to trim its debt load.

More articles on healthcare industry transactions:

Physicians end effort to replace CHS as owner of Indiana health system
Southampton Hospital, Stony Brook University Hospital to merge after 9 years
Orlando Health strikes JV with urgent care chain to operate 8 clinics

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