Officials expect to complete the divestiture by the end of the first quarter of 2019.
The 146-bed hospital was among the five facilities Quorum officials noted they intended to sell under a letter of intent outlined during its third-quarter 2018 earnings call.
More articles on transactions and valuations:
Ascension to add 25-bed Michigan hospital
Hospital for Special Surgery CEO: There’s more value in adding campuses over M&A
Hackensack Meridian Health, Carrier Clinic merge to improve behavioral health
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