HCA - HCA Healthcare to sell four hospitals in Georgia to Piedmont Healthcare

HCA Healthcare (HCA) has agreed to sell four of its hospitals in Georgia to Atlanta-based nonprofit Piedmont Healthcare for ~$950M.The hospitals that will be acquired by Piedmont include Eastside Medical Center, and Cartersville Medical Center each with a capacity of 310 and 119 beds, respectively.40-bed Coliseum Center for Behavioral Health and Coliseum Health System that includes two acute care hospitals with a combined capacity of 413 beds are also on the block.The transaction is expected to generate strategic value to HCA ‘by increasing financial flexibility for investments in ongoing and future initiatives in core markets,’ the company said in a statement. The deal is likely to close in Q3 2021 subject to regulatory approvals.HCA has traded flat over the past five-day period despite reporting better than expected Q1 2021 financials and a guidance raise.

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HCA Healthcare to sell four hospitals in Georgia to Piedmont Healthcare