CHS divests Texas hospital

More articles on health care market transactions: Atrium, Wake Forest Baptist merge to develop 42-hospital systemBankruptcy court approves $20M sale of Washington hospitalAdvocate Aurora, Beaumont cancel merger.

Franklin, Tenn.-based Community Health Systems announced Oct. 23 that it has actually completed the divestiture of San Angelo (Texas) Community Medical Center..

CHS sold the 171-bed medical facility to Shannon Health System in San Angelo. The organizations finished the transaction about 7 months after getting in into a definitive agreement..

The divestiture is amongst those CHS gone over on its second-quarter revenues call. The company ended the 2nd quarter of this year with earnings of $70 million, compared to a bottom line of $167 million in the exact same period a year earlier..

© Copyright ASC COMMUNICATIONS 2020. Interested in LINKING to or REPRINTING this content? View our policies by click on this link.

Ayla Ellison (Twitter) –
Friday, October 23rd, 2020

With the transaction complete, CHS now operates nine medical facilities in Texas..