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CHS divests 2 Arkansas hospitals

Franklin, Tenn.-based Community Health Systems completed the sale of two Arkansas hospitals on Nov. 1.

CHS sold 492-bed Sparks Regional Medical Center in Fort Smith and 103-bed Sparks Medical Center in Van Buren to Little Rock, Ark.-based Baptist Health. CHS and Baptist Health closed the deal after entering into a definitive agreement in July.

The two Arkansas hospitals are among a group of facilities with combined revenue of $2 billion CHS intends to sell. CHS has completed 11 hospital divestitures this year.

After selling the two hospitals to Baptist Health, CHS continues to operate six hospitals in Arkansas.

More articles on CHS:

CHS' shrinking hospital portfolio: 9 latest divestitures
CHS sees net loss swell to $325M in Q3
CHS shares sink to all-time low

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