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HCA Sells Palmyra to Phoebe Putney for $198M

Nashville, Tenn.-based Hospital Corporation of America has completed the sale of Palmyra Medical Center in Albany, Ga., to the Hospital Authority of Albany-Dougherty County, according to an HCA news release.

The hospital was sold for roughly $198 million. The sale had been pending since Dec. 2010.

The transaction follows an FTC ruling this week that Phoebe Putney Health System, which is located in Albany and operated under the Hospital Authority of Albany-Dougherty, could acquire Palmyra. The FTC said such a transaction was protected by Georgia's Hospital Authorities Law.

Related Articles on Phoebe Putney and Palmyra:

Court Rules Against FTC, Says Phoebe Putney Can Acquire Palmyra
Physician Files Suit to Stop Phoebe Putney-Palmyra Merger in Georgia
Georgia's Phoebe Putney, FTC Make Oral Arguments in Appeal Over Merger


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