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CHS divests Texas hospital

Franklin, Tenn.-based Community Health Systems announced Oct. 23 that it has completed the divestiture of San Angelo (Texas) Community Medical Center. 

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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