CHS to divest 2 South Carolina hospitals

Ayla Ellison (Twitter) - Print  | 

Franklin, Tenn.-based Community Health Systems has entered into a definitive agreement to sell Mary Black Health System, a two-hospital system based in Spartanburg, S.C.

Under the agreement, CHS will divest 207-bed Mary Black Health System-Spartanburg and 125-bed Mary Black Health System-Gaffney (S.C.), as well as their related businesses, to Spartanburg (S.C.) Regional Healthcare System.

The two hospitals are among the several facilities with combined revenue of $2 billion that CHS intends to sell.

When the transaction is complete, CHS will continue to operate four hospitals in South Carolina.

More articles on healthcare industry transactions:

Louisiana hospital enters negotiations with Ochsner as LifePoint exits market
For-profit hospital operator M&A update: 17 latest deals involving CHS, Tenet, HCA and LifePoint
OhioHealth to assume management of 84-bed hospital

© Copyright ASC COMMUNICATIONS 2020. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.

To receive the latest hospital and health system business and legal news and analysis from Becker's Hospital Review, sign-up for the free Becker's Hospital Review E-weekly by clicking here.