Business
Community Health Systems adding hospitals
NEWS IN BRIEF — Posted April 13, 2009
Community Health Systems Inc., a for-profit hospital company based in Franklin, Tenn., is acquiring medical facilities in Arkansas and Pennsylvania.
Community announced on April 1 that it purchased SHARE Foundation's 50% joint venture interest in MCSA LLC, which owns and operates the 166-bed Medical Center of South Arkansas in El Dorado, Ark. The transaction makes Community the sole owner of the hospital. Community also acquired the foundation's 50% interest in South Arkansas Physician Services LLC.
A separate Community subsidiary has executed a definitive agreement to acquire substantially all of the assets of Wyoming Valley Health Care System Inc. in Wilkes-Barre, Pa. The system includes the 410-bed Wilkes-Barre General Hospital, First Hospital Wyoming Valley in Kingston and other outpatient and ancillary services. The transaction is subject to regulatory approval.
Community owns, leases or operates 121 hospitals in 29 states.
Note: This item originally appeared at http://www.ama-assn.org/amednews/2009/04/13/bibf0413.htm.
