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CHS to divest 4 hospitals, exit South Carolina

Franklin, Tenn.-based Community Health Systems plans to sell all of its hospitals in South Carolina.

CHS entered a definitive agreement in October to sell Mary Black Health System, a two-hospital system based in Spartanburg, S.C., to Spartanburg Regional Healthcare System. That deal is on track to close by the end of this year.

On Nov. 19, CHS said it signed a definitive agreement to sell its four other hospitals in South Carolina to the Medical University Hospital Authority in Charleston, S.C. The transaction, which is expected to close in the first quarter of 2019, includes the following hospitals: 82-bed Chester Regional Medical Center; 225-bed Springs Memorial Hospital in Lancaster; 396-bed Carolinas Hospital System in Florence; and 124-bed Carolinas Hospital System-Marion in Mullins.

The six South Carolina hospitals are among several facilities with combined revenue of $2 billion that CHS intends to sell.

More articles on healthcare industry transactions:

LifePoint merges with RCCH, goes private
CHI, Dignity unveil name for combined system
Bankrupt Mississippi hospital receives takeover bid

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