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Quorum Health sells 70-bed Illinois hospital

Brentwood, Tenn.-based Quorum Health completed the sale of 70-bed Vista Medical Center West in Waukegan, Ill., to New York City-based US HealthVest on March 1.

Although this transaction has closed, Quorum still has other deals in the works. The company inked definitive agreements in late 2017 and early 2018 to sell three hospitals: Henderson County Community Hospital in Lexington, Tenn.; McKenzie (Tenn.) Regional Hospital; and Clearview Regional Medical Center in Monroe, Ga.

Quorum, the 29-hospital spinoff of Franklin, Tenn.-based Community Health Systems, saw its net loss widen from $7 million in the third quarter of 2016 to $29.5 million in the third quarter of 2017.

More articles on healthcare industry transactions:

Tenet continues hospital sell-off spree with deals in Illinois, Texas
Yale New Haven Health ends partnership talks with Rhode Island hospital
South Georgia Medical Center terminates affiliation with Clinch Memorial

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