The financial terms of the deal were not disclosed. The sale is expected to close during the third quarter of 2011, according to the CHS release.
After the acquisition is complete, Hillcrest HealthCare System will include six hospitals with 1,159 licensed beds, more than 5,000 employees and more than 1,100 physicians, according to a Hillcrest release on the transaction.
Related Articles on Hillcrest HealthCare System:
Oklahoma’s Hillcrest Medical Center Names CEO
Oklahoma’s Bailey Medical Center Names Becky Speight as New CFO
