Franklin, Tenn.-based Community Health Systems has completed its sale of nine hospitals.
CHS divested four hospitals to Harrisburg, Pa.-based PinnacleHealth System. The following hospitals are included in the transaction:
100-bed Memorial Hospital of York (Pa.)
214-bed Lancaster (Pa.) Regional Medical Center
148-bed Heart of Lancaster Regional Medical Center in Lititz, Pa.
165-bed Carlisle (Pa.) Regional Medical Center
CHS also divested hospitals in Louisiana, Texas and Washington. The company sold Spokane, Wash.-based Rockwood Health System, which includes two hospitals and a multi-specialty clinic, to Tacoma, Wash.-based MultiCare Health System. CHS divested 88-bed Lake Area Medical Center in Lake Charles, La., to Irving, Texas-based Christus Health and sold two Texas hospitals — 350-bed Tomball (Texas) Regional Medical Center and 67-bed South Texas Regional Medical Center in Jourdanton — to Nashville, Tenn.-based HCA Healthcare.
With the transactions completed, CHS operates 11 hospitals in Pennsylvania, two in Washington, two in Louisiana and 13 in Texas.
CHS divested the hospitals as part of a turnaround plan it put into place last year, which involves the company selling 30 hospitals to trim its debt load.
HENRY KOTULA 