Franklin, Tenn.-based Community Health Systems has signed a definitive agreement to sell four Arkansas hospitals to Freeman Health System for $112 million.
Five things to know:
1. The hospitals include:
- Northwest Medical Center-Springdale: 222 beds
- Northwest Medical Center-Bentonville: 28 beds
- Siloam Springs Regional Hospital: 73 beds
- Northwest Medical Center-Willow Creek Women’s Hospital (Johnson): 64 beds
2. Freeman Health is a four-hospital system headquartered in Joplin, Mo. It currently operates two hospitals in Joplin, one in Neosho, Mo., and another in Fort Scott, Kan., which opened in September.
3. The acquisition would see Freeman Health — a nonprofit, independent system with more than 350 physicians — double its hospital footprint and enter the Arkansas hospital market.
4. The transaction is expected to close in the second quarter, pending regulatory approvals and closing conditions.
5. CHS has sold roughly 35% of its hospital portfolio over the past several years as it refines its footprint around core markets and reduces debt. The for-profit system currently owns or leases 65 hospitals and more than 900 care sites across 13 states.
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
