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
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