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HCA acquires 612-bed Georgia hospital: 3 things to know

Nashville, Tenn.-based HCA Healthcare has acquired Savannah, Ga.-based Memorial Health, which includes a 612-bed academic medical center and primary and specialty care networks.

Here are four things to know about the deal.

1. Memorial Health is now part of HCA Healthcare's South Atlantic Division. That division is based in Charleston, S.C., and operates hospitals in South Carolina, Georgia and Florida.

2. The deal was finalized Wednesday after more than two years of discussions. The final estimated purchase price was $456.7 million, according to the Savannah Morning News. The final price will be determined in about four months, after adjustments are made.

3. "Across the country, HCA empowers local caregivers and gives back to the communities they operate in," J. Curtis Lewis III, chairman of the Memorial Health board, said in a statement. "That is our commitment to our neighbors across Georgia and we are excited to have found a partner with the same core values."

More articles on healthcare industry transactions:

Montefiore Health System acquires second hospital in 1 month
Equity firm submits winning (and only) bid for bankrupt Arizona hospital
Tenet exits Philadelphia with $170M sale of 2 hospitals


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