The ownership interest in those hospitals will be sold to M/C Healthcare, which is a subsidiary of Medical Properties Trust in Birmingham Ala., according to The Tennessean.
The transaction still requires regulatory approval and is expected to close in the next 60 days.
This news comes the same week that CHS finalized the sale of Dallas Regional Medical Center in Mesquite, Texas, and Riverview Regional Medical Center in Gadsden, Ala., to Prime Healthcare Services, based in Ontario, Calif.
Although CHS has recently offloaded several hospitals, it is also acquiring new ones. On March 3, CHS acquired full ownership of five hospitals in Oklahoma.
More articles on healthcare industry transactions:
15 hospital transactions and partnerships in February
BJC HealthCare inks deal to acquire Missouri hospital
Tenet looks to grow in Texas
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