US-based Capella Healthcare has entered into an agreement with subsidiaries of Community Health Systems (CHS) to acquire ownership stake in Carolina Pines Regional Medical Centre and its related outpatient services for an undisclosed amount.
CHS noted that local physicians will continue to own an interest in the hospital.
Located in Hartsville, South Carolina, the medical centre features 116-bed acute care hospital and an adjoining medical office building.
The centre provides services, ranging from routine checkups to complex surgery, to people in the counties of Darlington, Chesterfield, Lee and Marlboro.
Capella Healthcare president and CEO Michael Wiechart said: "Carolina Pines Medical Center has a rich history of service to the people of Hartsville and surrounding communities.
"The employees and physicians we met as we performed due diligence are committed to delivering high quality care. We believe that our affiliation will be beneficial to both of our organisations."
Untill the transaction is complete, the current ownership will continue to operate the hospital. The deal is expected to be completed in the fourth quarter of this year, subject to customary regulatory approvals.
Capella owns and operates 13 acute care and specialty hospital facilities in six states across the country.
Community Health Systems, through its subsidiaries, operates 207 affiliated hospitals in 29 states, with around 31,100 licensed beds.
Image: Carolina Pines Regional Medical Centre in Hartsville, South Carolina. Photo: courtesy of Capella Healthcare.