Under the agreement, Quorum will sell McKenzie Regional Hospital to Memphis-based Baptist Memorial Health Care.
Officials expect to complete the transaction by the end of the third quarter of 2018, subject to regulatory approval.
The sale of McKenzie Regional was among several discussed under a letter of intent during the company’s first quarter 2018 earnings call.
More articles on transactions and valuations:
Why a Maine hospital is buying a pizza shop
HCA deal doesn’t deter 24-bed hospital from keeping Mission Health affiliation
Nebraska’s last large community health system joins 3-hospital system
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