Archives     Advertise     Editorial Calendar     Subscribe     Contact Us    


Community Health Systems Announces Definitive Agreement to Sell the Assets of Ocala, Florida Hospital


 

Community Health Systems, Inc. (NYSE: CYH) has announced that an affiliate of the Company has signed a definitive agreement to sell substantially all of the associated assets of 421-bed Munroe Regional Medical Center in Ocala, Florida, to Florida Hospital Ocala, Inc., a subsidiary of Adventist Health System Sunbelt Healthcare Corporation. As part of the transaction, Florida Hospital will assume the long-term lease and operations of Munroe Regional Medical Center. The transfer of the lease is subject to the consent of the Marion County Hospital District. The transaction is expected to close in the third quarter of 2018, subject to customary regulatory approvals and closing conditions.

The hospital included in this transaction is among the additional planned divestitures discussed on the Company's fourth quarter 2017 earnings call.

Kaufman, Hall & Associates, LLC is acting as the exclusive financial advisor to Adventist Health System on this transaction.

Share:

 

Email Print

 

More Grand Rounds:

 

HCA'S Tristar Division Welcomes New Chief Financial Officer, Wes Fountain

HCA'S Tristar Division Welcomes New Chief Financial Officer, Wes Fountain

HCA's TriStar Division welcomes Wes Fountain as the healthcare division's new chief financial officer (CFO).

Read More

Business Briefs

Nashville-based Cumberland Emerging Technologies Inc. (CET) and LSU Health New Orleans have entered into a collaboration agreement to develop new biomedical products based on research from LSU.

Read More

HCA's TriStar Health Invests in Middle Tennessee

HCA's TriStar Health Invests in Middle Tennessee

TriStar Health recently announced plans to invest more than $500 million into its Middle Tennessee facilities.

Read More

Portacci Named Saint Thomas Health VP of Strategy

Portacci Named Saint Thomas Health VP of Strategy

Saint Thomas Health, part of Ascension, recently introduced Ruth Portacci as vice president of strategy.

Read More

LBMC Promotes Burnette

LBMC Promotes Burnette

LBMC, one of the Southeast's largest accounting and business consulting firms, announced Mark Burnette, CPA, CISSP, CISA, QSA as its new leader of the Risk Services practice.

Read More

Promotion, New Faculty at Sarah Cannon

Promotion, New Faculty at Sarah Cannon

William Donnellan, MD, was recently promoted to director of Leukemia/Myelodysplastic Syndrome Research at Sarah Cannon.

Read More

Berlin Named to New VICC Leadership Post

Berlin Named to New VICC Leadership Post

Jordan Berlin, MD, has been named associate director of Clinical Investigation Strategy and Shared Resources at the Vanderbilt-Ingram Cancer Center (VICC).

Read More

TwelveStone Adds Private Infusion Suites, Names Medical Director

In June, TwelveStone Health Partners announced the addition of infusion therapy suites to the company's Murfreesboro headquarters. While the company has offered home-based infusion therapy for several years, the leadership team recognized a need for outpatient services, as well.

Read More

Let's Give Them Something to Talk About!

Let's Give Them Something to Talk About!

Awards, Honors, Achievements

Read More

Livingston Joins Children's Hospital at TriStar Centennial

The Children's Hospital of TriStar Centennial recently welcomed pediatric neurologist Tim Livingston, MD, to TriStar Medical Group Children's Specialists.

Read More

STMP Cuts the Ribbon in Bellevue

STMP Cuts the Ribbon in Bellevue

Saint Thomas Medical Partners, part of Ascension, has officially opened the doors of the newest location in Bellevue. The new full-service care center offers primary care services, onsite lab testing, and outpatient rehabilitation. Located on Temple Road, the new center features walk-in and same-day appointments Monday-Friday for all ages.

Read More

Vanderbilt Opens New Unit

Last month, Vanderbilt University Medical Center opened a new inpatient unit on the eighth floor of Medical Center East. The 37-bed unit is the first phase of a previously announced $118 million renovation and expansion project, converting two floors in the North Tower into adult hospital operations.

Read More

LifePoint Names Grooms CAO

LifePoint Names Grooms CAO

Brentwood-based LifePoint Health announced the promotion of Michael Grooms to chief accounting officer last month. Grooms has been with LifePoint for 12 years, originally serving as director of financial reporting.

Read More

JourneyPure Adds Senior Leader, Florida Affiliate

Over the last several weeks, JourneyPure, a national provider of addiction treatment services headquartered in Nashville, has announced the addition of Stephen Loyd, MD, to the senior management team and a new partnership with Florida Counseling Centers.

Read More

Lovell Promotes George to Senior Advisor

Lovell Promotes George to Senior Advisor

Nashville-headquartered national healthcare strategic communications firm Lovell Communications recently announced the promotion of Erin George to senior advisor.

Read More

ReviveHealth Deepens Analytics Expertise with Fuqua

ReviveHealth recently announced the addition of Ben Fuqua as vice president of Analytics. Officials said this hire deepens the agency's commitment to data intelligence as an integral component of the customer experience for organizations at the intersection of healthcare delivery, finance, and innovation.

Read More

Saint Thomas Highlands Hospital Names CAO

Saint Thomas Highlands Hospital Names CAO

Saint Thomas Health, part of Ascension, recently announced Richard Tumlin as chief administrative officer of Saint Thomas Highlands Hospital in Sparta, Tenn. He was named interim CAO in April 2017 and recently agreed to serve in this role on a permanent basis.

Read More

New Boutique Bank to Open in Nashville

On June 11, Studio Bank (In Organization) announced it received final regulatory approvals from the Tennessee Department of Financial Institutions (TDFI) and the Federal Deposit Insurance Corporation (FDIC), which were the final steps in the exhaustive regulatory application process to open a new bank in Tennessee.

Read More

Gallaher Expands Safety Offerings to Middle Tennessee

Gallaher, a leading life safety and asset protection solutions provider headquartered in Alcoa, Tenn., has assembled a new seven-person team with more than 100 years of combined industry experience to better serve Middle Tennessee.

Read More

Matthew L. Mancini, MD
Matthew L. Mancini, MD

Mancini Named TMA President

Knoxville surgeon Matthew L. Mancini, MD, has been named president of the Tennessee Medical Association, the state's largest professional organization for doctors.

Read More

 
 


Tags:
None
Powered by Bondware
News Publishing Software

The browser you are using is outdated!

You may not be getting all you can out of your browsing experience
and may be open to security risks!

Consider upgrading to the latest version of your browser or choose on below: