Chief Healthcare Executive November 17, 2023
Ron Southwick

In an agreement announced Friday, Novant would acquire three South Carolina facilities from the for-profit hospital system.

Novant Health has reached an agreement to buy three hospitals from Tenet Healthcare at a cost of about $2.4 billion, the organizations announced Friday.

Under the deal, Novant would acquire three hospitals in South Carolina: Hilton Head Hospital in Beaufort County, Coastal Carolina Hospital in Jasper County, and East Cooper Medical Center in Charleston County.

Novant and Tenet said they hope to complete the deal early next year. Regulators must approve the transaction.

If the deal is approved, Novant would expand its presence in South Carolina. Based in Winston-Salem, N.C., Novant operates 16 hospitals in North Carolina and South Carolina, along with 800...

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Topics: Health System / Hospital, Mergers & Acquisitions / JV, Provider, Trends
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