CHS divests Florida hospital, plans to sell 2 others in Tennessee

The for-profit health center operator also signed a conclusive agreement to offer Tennova Healthcare-Shelbyville (Tenn.) and Tennova Healthcare-Harton in Tullahoma, Tenn., and their outpatient centers to Vanderbilt University Medical Center. Nashville, Tenn.-based VUMC will also acquire a minority ownership interest in CHS Tennova Healthcare-Clarksville (Tenn.)..

Franklin, Tenn.-based Neighborhood Health Systems completed the divestiture of its medical facility in St. Petersburg, Fla., on Oct. 1 and entered into contracts to offer health centers in Tennessee..

CHS offered 480-bed Bayfront Health St. Petersburg to Orlando (Fla.) Health. The deal closed approximately 3 months after the celebrations signed a definitive contract. With the divestiture finished, CHS operates 11 health centers in Florida..

This isnt the first deal CHS and VUMC have actually participated in. In 2019, VUMC acquired Tennova Healthcare-Lebanon (Tenn.), a 274-bed medical facility, from CHS. The healthcare facility is now called Vanderbilt Health Wilson County..

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