In January, CHS received approval from the FTC to acquire competitor Health Management Associates in Naples, Fla. However, the FTC mandated CHS divest Carolina Pines and 281-bed Riverview Regional Medical Center in Gadsden, Ala., both of which are owned by Health Management.
Although the divesture still requires FTC approval, CHS expects the sale of Carolina Pines to Capella Healthcare to close during the fourth quarter of 2014
More articles on healthcare industry transactions:
Daughters of Charity Health System to sell 6 hospitals to Prime Healthcare Services
St. John’s Episcopal Hospital forms partnership with Beacon Health Partners
University of Virginia Medical Center, Culpeper Regional Health finalize merger
