The Definitive Blog

CHS Completes Sharon Regional, Munroe Hospital Deals

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04/01/2014
Community Health Systems, Inc announced that subsidiaries of the Company have completed the acquisition of substantially all of the assets of Sharon Regional Medical Center in Sharon, Pennsylvania, and a long-term lease of Munroe Regional Medical Center in Ocala, Florida.

The Pennsylvania acquisition includes 251-bed Sharon Regional Medical Center, outpatient centers and affiliated physician practices. Sharon Regional is located in Pennsylvania, the Company’s second largest state as measured by number of affiliated hospitals, and in close proximity to ValleyCare Health System of Ohio, an affiliated health system that includes two acute care facilities and a rehabilitation hospital.

The 40-year, prepaid lease of 421-bed Munroe Regional Medical Center also includes the creation of a clinical affiliation between Munroe Regional and UF Health Shands. With the lease now finalized, Community Health Systems affiliates own or operate 26 hospitals in Florida, which is the Company’s largest state as measured by number of affiliated hospital facilities.

April 15, 2014