HCA Healthcare, Inc. announced the signing of a definitive agreement to sell four of its hospitals in Georgia for approximately $950,000,000.
HCA Healthcare has agreed to sell the following hospitals in north Georgia and Macon to Piedmont Healthcare, a not-for-profit health system headquartered in Atlanta:
• Eastside Medical Center, a 310-bed hospital in Snellville, GA
• Cartersville Medical Center, a 119-bed hospital in Cartersville, GA
• Coliseum Health System, which includes two acute care hospitals (310-bed Coliseum Medical Centers and 103-bed Coliseum Northside) as well as Coliseum Center for Behavioral Health, a 40-bed inpatient behavioral health facility in Macon, GA
HCA Healthcare, which has a long history of caring for communities in Georgia, currently operates five 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.
Citigroup is serving as financial advisor to HCA Healthcare. The transaction is subject to customary regulatory approvals and expected to close in the third quarter of 2021.
