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.

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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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