Sponsored by VMG Health | info@vmghealth.com | 214.369.4888

Quorum divests shuttered Tennessee hospital

Listen
Text
  • Small
  • Medium
  • Large

Brentwood, Tenn.-based Quorum Health completed the sale of McKenzie (Tenn.) Regional Hospital to Memphis, Tenn.-based Baptist Memorial Health Care on Sept. 30.

In July, Quorum entered into a definitive agreement to sell the 45-bed hospital to Baptist Memorial. At that time, Quorum announced it would close the hospital in September.  

"The closure reflects a national trend as small rural hospitals feel the impacts of reductions in federal funding, lower reimbursements from government and commercial insurers, and rising numbers of uninsured patients," McKenzie Regional said in a press release. "MRH has struggled with declining patient volumes in recent years and has maintained an average daily census of just eight patients."

Quorum shut down McKenzie Regional Sept. 15 after scaling back services for several weeks. Baptist Memorial plans to operate the facility as an outpatient diagnostic imaging and sleep center.

More articles on healthcare industry transactions:

Trinity Health forms new 5-hospital system
Justice Department to cut merger reviews to 6 months, antitrust chief says
Orlando Health, Lakeland Regional end affiliation after 1 year

Copyright © 2021 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

 

Featured Whitepapers

Featured Webinars