Quorum Health Pares Its Rural Hospital Portfolio

by | Oct 21, 2016 6:35 pm | Hospitals

Just as the Department of Health and Human Services reported that rural hospitals are better at reducing hospital-acquired infections and score better in value-based purchasing plans, Quorum Health Corporation (NYSE: QHC) announced the sale of two of its 38 rural hospitals in October. One analyst says at least six more deals are pending. Quorum Health was spun out of the ailing Community Health Systems (NYSE: CYH) in April 2016. Community Health took on more than it could handle in 2013, when it announced its $7.6 billion acquisition of Health Management Associates, then a for-profit, 71-hospital chain in 15 states. With approximately 11,000 licensed beds, the price worked... Read More »

Community Health Sells 4 Rural Hospitals

by | Sep 30, 2016 6:50 pm | Hospitals

Financially troubled Community Health Systems (NYSE: CYH) announced the sale of four rural hospitals on September 28, as it tries to pare down its $15 billion in debt. And more announcements are in the works. Curae Health, Inc., a not-for-profit organization dedicated to supporting rural healthcare services, agreed to take on the four facilities, three of which are in Mississippi and one in Florida.  They are Merit Health Gilmore Memorial (95 beds), Merit Health Batesville (112 beds), Merit Health Northwest Mississippi (181 beds) and Highlands Regional Medical Center (126 beds). In November 2014, Curae Health emerged as the owner of three rural Alabama hospitals being sold by LifePoint... Read More »