Quorum Health sells Illinois hospital

Brentwood, Tenn.-based Quorum Health has completed its divestiture of Galesburg (Ill.) Cottage Hospital, according to WGIL. 

Advertisement

Quorum completed the sale of the 133-bed hospital to SBJ Groups about two months after the organizations signed an agreement. With the sale completed, Quorum now operates six hospitals in Illinois. 

Quorum, a spinoff of Franklin, Tenn.-based Community Health Systems, filed for Chapter 11 bankruptcy in early April. The company said the bankruptcy filing is part of a plan to recapitalize the business and reduce its debt by about $500 million. 

More articles on healthcare industry transactions:
Penn State Health to acquire hospital from Geisinger
Orlando Health, LHC Group to form joint venture
Advocate Aurora, Beaumont merger would create $17B system with 36 hospitals

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

Advertisement

Next Up in Transactions & Valuation Issues

Advertisement

Comments are closed.