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CHS divests 60-bed Louisiana hospital

Franklin, Tenn.-based Community Health Systems revealed Feb. 14 its subsidiaries entered into a definitive agreement to divest Leesville, La.-based Byrd Regional Hospital and its associated assets to subsidiaries of Allegiance Health Management, a 14-hospital organization in Shreveport, La.

Officials expect to close the transaction during the second quarter of 2018, subject to customary regulatory approvals and closing conditions.

The divestiture of the 60-bed hospital is one of the health system's planned divestitures discussed during CHS' third quarter 2017 earnings call.

More articles on transactions and valuations:
UPMC forms clinical affiliation with Maryland health system
ProMedica signs deal to keep Ohio city's last abortion clinic afloat
12 recent hospital transactions and partnerships

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