HCA Healthcare, Inc. (NYSE:HCA), one of the nation's leading healthcare providers, today announced the signing of a definitive agreement to sell four of its hospitals in Georgia for approximately $950,000,000.

HCA Healthcare has agreed to sell the following hospitals in north Georgia and Macon to Piedmont Healthcare, a not-for-profit health system headquartered in Atlanta, Georgia:

• Eastside Medical Center, a 310 bed hospital in Snellville, Georgia
• Cartersville Medical Center, a 119 bed hospital in Cartersville, Georgia
• Coliseum Health System, which includes two acute care hospitals (310 bed Coliseum Medical Centers and 103 bed Coliseum Northside) as well as Coliseum Center for Behavioral Health, a 40 bed inpatient behavioral health facility in Macon, Georgia

The commitment of HCA Healthcare colleagues at these hospitals has helped the facilities achieve national recognition for quality patient care, even though these facilities were not able to fully benefit from a broader HCA Healthcare presence in their areas. Given Piedmont Healthcare's history of serving the region's health care needs, the affiliation will better position the hospitals to continue providing excellent care to their patients. At the same time, the transaction provides strategic value to HCA Healthcare by increasing financial flexibility for investments in ongoing and future initiatives in core markets.

HCA Healthcare, which has a long history of caring for communities in Georgia, currently operates five other hospitals in the state. Additionally, HCA Healthcare recently expanded its network of care in southeast Georgia with the purchase of Meadows Regional Hospital in Vidalia, Georgia from Meadows Health Alliance.

Citigroup is serving as financial advisor to HCA Healthcare. The transaction is subject to customary regulatory approvals and expected to close in the third quarter of 2021.