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March 3, 2015

CHS agrees to sell two South Carolina facilities

US-based Community Health Systems' (CHS) subsidiaries have entered into an agreement with M/C Healthcare to divest their stake in two hospitals in South Carolina.

US-based Community Health Systems’ (CHS) subsidiaries have entered into an agreement with M/C Healthcare to divest their stake in two hospitals in South Carolina.

The hospitals being sold include 59-bed Chesterfield General Hospital in Cheraw and 102-bed Marlboro Park Hospital in Bennettsville, as well as related outpatient services.

Both facilities are currently operated under leases with a Real Estate Investment Trust (REIT), which will expire in April this year.

"The hospitals being sold include 59-bed Chesterfield General Hospital in Cheraw and 102-bed Marlboro Park Hospital in Bennettsville, as well as related outpatient services."

Subject to customary regulatory approvals and closing conditions, the deal is expected to be completed in the next two months.

CHS, through its subsidiaries, also acquired full ownership of five hospitals in Oklahoma, which were previously owned through a joint venture between INTEGRIS Health and subsidiaries of Health Management Associates.

Facilities include 53-bed Blackwell Regional Hospital in Blackwell, 56-bed Clinton Regional Hospital in Clinton, 25-bed Marshall County Medical Centre in Madill, 52-bed Mayes County Medical Centre in Pryor and 32-bed Seminole Medical Centre in Seminole.

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In addition, CHS completed the divestment of Riverview Regional Medical Centre in Gadsden of Alabama, Dallas Regional Medical Centre in Mesquite of Texas, and related outpatient services to subsidiaries of Prime Healthcare.

With an aggregate of 31,000 licensed beds, CHS currently owns, leases or operates 205 affiliated hospitals in 29 states across the US.

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