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
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
