CHS sold the 171-bed hospital to Shannon Health System in San Angelo. The organizations completed the transaction about seven months after entering into a definitive agreement.
The divestiture is among those CHS discussed on its second-quarter earnings call. The company ended the second quarter of this year with net income of $70 million, compared to a net loss of $167 million in the same period a year earlier.
With the transaction complete, CHS now operates nine hospitals in Texas.
More articles on healthcare industry transactions:
Atrium, Wake Forest Baptist merge to create 42-hospital system
Bankruptcy court approves $20M sale of Washington hospital
Advocate Aurora, Beaumont cancel merger
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