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CHS moves forward with sale of home health business

Franklin, Tenn.-based Community Health Systems' agreement to sell a controlling interest in CHS Home Health to Louisville, Ky.-based Almost Family has received regulatory approval.

In October, CHS announced plans to sell a controlling interest in its home health business to Almost Family, a provider of home health nursing services. Under the agreement, Almost Family will pay $128 million, subject to a working capital adjustment, for an 80 percent equity interest in CHS Home Health.

Almost Family expects the transaction to close by the end of 2016.

CHS Home Health operates 74 home health and 15 hospice locations in 22 states.

More articles on healthcare industry transactions:

UPMC expands footprint into NY
Quorum Health completes sale of NC hospital
WellSpan Health purchases Rothsville Medical Center

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