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Quorum Health sells Georgia hospital

Brentwood, Tenn.-based Quorum Health completed the sale Friday of 231-bed Trinity Hospital of Augusta (Ga.) to The Richmond County Hospital Authority.

Trinity Hospital is one of several facilities Quorum plans to divest. The company is focused on restructuring its portfolio to improve financial performance.

Quorum began a divestiture spree last year, selling Sandhills Regional Medical Center in Hamlet, N.C., and Barrow Regional Medical Center in Winder, Ga., in the fourth quarter of 2016 and divesting Cherokee Medical Center in Centre, Ala., in March.

The company has several other deals in the works. Quorum inked definitive agreements earlier this year to sell four hospitals — Henderson County Community Hospital in Lexington, Tenn.; McKenzie (Tenn.) Regional Hospital; Sunbury (Pa.) Community Hospital; and Haven (Pa.) Hospital.

Quorum, the 34-hospital spinoff of Franklin, Tenn.-based Community Health Systems, saw its net loss widen from $5 million in the first quarter of 2016 to $27.6 million in the first quarter of this year.

More articles on healthcare industry transactions:

CHS divests 9 hospitals
21 recent hospital transactions and partnerships
Physicians end effort to replace CHS as owner of Indiana health system

 

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