HCA Healthcare has signed a definitive agreement to sell a 230-bed hospital in Georgia to AdventHealth for $635 million, a move that will remove the Nashville-based hospital operator from the northwest Georgia market.
Redmond Regional Medical Center was part of the HCA network for nearly 48 years and is the latest facility to be sold in
a slate of divestitures surrounding the Greater Atlanta region. According to a press release, the hospital âwas not able to fully benefit from a broader HCA Healthcare network in the area.â
HCA leadership will divert proceeds of the sale to ongoing investments, which recently have been centered around market expansion and capital improvements to existing facilities.
HCA To Sell Redmond Regional Medical Center To AdventHealth For $635 Mln
WASHINGTON (dpa-AFX) - HCA Healthcare, Inc. (HCA) announced Thursday agreed to sell Rome, Georgia-based Redmond Regional Medical Center, a 230 bed hospital, to AdventHealth for approximately $635 million. The sale completes the company s divestiture of hospitals in the surrounding areas of Atlanta.
As a result of the sale of Redmond Regional Medical Center, a hospital that was not able to fully benefit from a broader HCA Healthcare network in the area, the company will no longer have a presence in northwest Georgia.
HCA Healthcare, which has a long history of caring for communities in Georgia, currently operates four other hospitals in the state. Additionally, HCA Healthcare recently expanded its network of care in southeast Georgia with the purchase of Meadows Regional Hospital in Vidalia, Georgia from Meadows Health Alliance.
HCA Healthcare
HCA Healthcare is selling Redmond Regional Medical Center, a mid-size hospital in Rome, Georgia, to AdventHealth for $635 million. It s a strategic push by HCA to exit Atlanta s surrounding area.
Earlier this week, HCA announced it was selling four hospitals to Piedmont Healthcare, a not-for-profit community based health system in Atlanta, for $950 million.
After the sale of Redmond, HCA will no longer have a presence in northwest Georgia.
Experts say Redmond Regional was not able to benefit from a broader HCA Healthcare network in the area. Efforts by HCA to expand its network into Georgia s southeast region took place May 3 when the company bought Meadows Regional Medical Center in Vidalia.
Primary Content Credit: Georgia Health News
Piedmont Healthcare is adding four HCA hospitals to its network in a deal valued at close to $1 billion.
The purchases from HCA, announced Monday, would make Atlanta-based Piedmont the leading system in Georgia in number of hospitals, at 15. The Emory and Wellstar systems are next, at 11.
The deal had been rumored for several days.
If regulators approve the acquisitions, as expected, the nonprofit Piedmont system will acquire Eastside Medical Center in Snellville; Coliseum Medical Centers and Coliseum Northside, both in Macon; and Cartersville Medical Center in Cartersville.
The targeted closing date is July 31. HCA, a chain based in Tennessee, valued the acquisition price at $950 million.