The hospital will become part of HCA’s East Florida Division, which comprises 14 hospitals and several ambulatory surgery centers, physician practices, imaging centers and free standing emergency care facilities.
The transaction is subject to regulatory approval. Officials expect to close the deal in fall 2017.
Highlands Regional marks the second hospital HCA Healthcare acquired from CHS in the past two weeks. It acquired 103-bed Weatherford (Texas) Regional Medical Center July 11.
“The expected addition of Highlands Regional to our East Florida network of hospitals will allow us to care for more people and complement our existing facilities in the region,” said Sam Hazen, president and COO of HCA Healthcare. “We look forward to continuing Highlands Regional’s long-standing tradition of providing high-quality care.”
More articles on transactions and valuations:
The 3 most-read transactions and valuations stories this week
UPMC, Butler Health ink OB-GYN joint venture agreement
Alaska assembly OKs motion seeking additional hospital affiliation proposals for Sitka Community Hospital
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