Healthcare DIVE November 11, 2024
Community Health Systems aims to net $1 billion or more in total proceeds from hospital sales.
Dive Brief:
- Community Health Systems will sell a 153-bed hospital in Mississippi to Memorial Health System for an undisclosed sum, according to a Friday news release.
- Memorial is expected to take ownership of Merit Health Biloxi’s hospital operations, medical office building, clinics and two imaging centers during the first quarter of next year.
- Executives of the Franklin, Tennessee-based for-profit health system have said the company is hoping to glean at least $1 billion from hospital sales this year.
Dive Insight:
Memorial Health and Merit Health Biloxi have collaborated before. The health systems have shared service areas, including oncology, neurology, neuro-interventional radiology,...
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