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Community Health Systems Buys Out Five-Hospital Oklahoma, USA JV.

MANews-(C)2009-2015

3 March 2015 - Subsidiaries of US-based hospital operator Community Health Systems, Inc. (NYSE: CYH) have acquired full ownership of five hospitals in Oklahoma, the company said.

Terms of the deal were not disclosed.

The acquired hospitals include 53-bed Blackwell Regional Hospital in Blackwell, 56-bed Clinton Regional Hospital in Clinton, 25-bed Marshall County Medical Center in Madill, 52-bed Mayes County Medical Center in Pryor and 32-bed Seminole Medical Center in Seminole.

Community Health Systems said that the acquisition was effective at 1 March 2015.

The five hospitals were previously owned through a joint venture between INTEGRIS Health and subsidiaries of Health Management Associates, Inc. Community Health Systems acquired HMA in January 2014.

Community Health's subsidiaries operate ten hospitals in Oklahoma. Community Health is one of the largest publicly-traded hospital companies in the United States and a leading operator of general acute care hospitals in communities across the country.

Through its subsidiaries, the company currently owns, leases or operates 205 affiliated hospitals in 29 states with an aggregate of approximately 31,000 licensed beds.

Country: USA

Sector: Healthcare

Target: Five Oklahoma, USA Hospitals

Buyer: Community Health Systems, Inc

Vendor:

Deal size in USD:

Type: Corporate Acquisition

Financing:

Status: Closed

Buyer advisor: , ,

Comment: Terms of the deal were not disclosed

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Publication:M & A Navigator
Geographic Code:1U7OK
Date:Mar 3, 2015
Words:210
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