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CHS pushes back date for 38-hospital spinoff

Franklin, Tenn.-based Community Health Systems is delaying the launch of Quorum Health Corp. — a spinoff that includes 38 hospitals and Quorum Health Resources, a hospital management, advisory and consulting business.

CHS announced plans in August to create QHC, a move intended to strengthen CHS' focus on larger markets. CHS originally planned for QHC to be independent by the end of March, but CHS pushed that date back on Thursday.

Although there has been a delay in the deal, CHS expects the transaction to be completed before June. The for-profit hospital network said there were several reasons the closing date was pushed back, including market conditions.

More articles on healthcare industry transactions:

Trinity Health expands network in Connecticut
LifePoint completes purchase of financially troubled Georgia hospital
Tenet completes joint venture with Baylor Scott & White to own 5 Texas hospitals

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