Sponsored by VMG Health | info@vmghealth.com | 214.369.4888

CHS divests Oklahoma hospital

Franklin, Tenn.-based Community Health Systems completed the sale of AllianceHealth Deaconess, a 238-bed hospital in Oklahoma City, on Oct. 1.

CHS sold the hospital and its related businesses, including outpatient and physician clinics, to a subsidiary of Oklahoma City-based Integris Health.

AllianceHealth Deaconess is one of several hospitals with combined revenue of $2 billion that CHS intends to sell. During 2018, CHS has completed nine hospital divestitures.

In its second-quarter earnings release, CHS said it continues to receive interest from potential buyers for certain hospitals.

"As we complete additional divestitures this year, we believe our portfolio will become stronger, and more of our resources can be directed to markets where we have the greatest opportunities to drive incremental growth," CHS Chairman and CEO Wayne T. Smith said.

With the divestiture of AllianceHealth Deaconess complete, CHS continues to operate seven hospitals in Oklahoma.

More articles on healthcare industry transactions:

HCA to merge 2 Florida hospitals
Quorum divests shuttered Tennessee hospital
Trinity Health forms new 5-hospital system


Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.


Featured Whitepapers

Featured Webinars