Community Health Systems to Sell Alabama Hospital for $450M

Community Health Systems to sell Alabama hospital for $450M

The for-profit hospital giant has been aggressively divesting assets as it looks to pare down debt. With the sale of Crestwood Medical Center, CHS has passed its $1 billion target for divestitures, one analyst noted.

Huntsville Hospital acquiring Crestwood Medical Center for $450 million

The deal is expected to close in the second quarter of this year.

Huntsville Hospital Buys Crestwood Medical Center In $450M Deal

Then there was one. The state’s largest city now has just one hospital. Huntsville Hospital Health System has entered into an agreement to purchase Crestwood Medical Center for $450 million, HH Health and Community Health Systems announced Tuesday. Crestwood is a subsidiary of Franklin, Tenn.-based Community Health Systems.  According to the agreement, CHS would sell substantially all of the assets of the 180-bed Crestwood Medical Center in Hunt…