Community Health Systems sells Mary Black Health System, outpatient services to South Carolina hospital — 3 insights

Franklin, Tenn.-based Community Health Systems sold select assets to Spartanburg (S.C.) Regional Healthcare.

Advertisement

Here’s what you should know:

1. Community Health Systems sold the Spartanburg and Gaffney, S.C.-based branches of Mary Black Health System, as well as their physician clinics and outpatient service businesses.

2. The sale was effective Jan. 1.

3. Community Health Systems is including the sale in its third quarter 2018 earnings call. Community will continue to operate four hospitals in South Carolina.

More articles on transactions/valuation:
Relive the year in GI — 5 biggest trends, our most-read stories & more
127 GI physicians to know in 2018
The deadline is here: Tenet’s outpatient facilities will go out of network if Cigna contract expires

At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.

Register to Attend Webinar

160 ambulatory leaders just ranked the EHR as the single system most overdue for AI reinvention

Tuesday, August 11
12:00 PM - 1:00 PM CDT

Presenter: Gautam Shah, MBA, FACHDM, NextGen Healthcare

Advertisement

Next Up in ASC Transactions & Valuation Issues

Advertisement

Comments are closed.