US-based Community Health Systems (CHS) subsidiary has acquired Gaffney Medical Centre in South Carolina.
Terms of the transaction were not disclosed.
Community Health Systems chairman Wayne Smith said: "We are pleased to expand our services and hospital footprint in South Carolina through this acquisition, and we look forward to working with the hospital’s medical staff and employees as they continue to provide quality care for their community."
Located in Gaffney, the 125-bed hospital was owned by a joint venture of Novant Health and a subsidiary of Health Management Associates (HMA).
In January, CHS acquired HMA. Novant will no longer retain any stake in the hospital, as a result of the transaction.
Currently, CHS owns and operates nine acute care hospitals in South Carolina.
In October, CHS announced that subsidiaries of the company entered into an agreement to divest their stake in a 116-bed Carolina Pines Regional Medical Centre and related outpatient services to Capella Healthcare.
Subject to customary closing conditions, the transaction is expected to be completed in fourth quarter of 2014.
CHS, through its subsidiaries, owns, leases and operates 207 affiliated hospitals in 29 states with an aggregate of more than 31,100 beds.