CHS Sells Four S.C. Hospitals - Articles

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Posted by: Jarod Word on Nov 20, 2018

Community Health Systems (CHS) announced in a press release yesterday that it has signed an agreement to sell four of its South Carolina hospitals — along with related businesses including physician clinic operations and outpatient services — to the Medical University Hospital Authority in Charleston, S.C. CHS began a hospital divestiture plan in 2016 after revenues fell 14 percent compared to the prior year. The transaction is expected to close in the first quarter of 2019.