Four years ago, Falcon bought MetroSouth, formerly known as St. Francis Hospital & Health Center, for $1, according to the report. MetroSouth was a failing hospital with St. Louis-based SSM Health Care at the time, and Falcon invested a net total of $23 million into the facility.
Franklin, Tenn.-based Community Health Systems announced in December it would acquire MetroSouth from Falcon, and the deal is expected to be worth $40 million.
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