OCALA, FL—Community Health Systems, Inc. of Franklin, TN, which has been selling some of its hospital assets, reports it has signed a definitive agreement to sell the 421-bed Munroe Regional Medical Center here to a subsidiary of Adventist Health System Sunbelt Healthcare Corp.
No financial terms of the transaction were disclosed. Part of the deal will involve Adventist Health subsidiary Florida Hospital Ocala, Inc. to assume the long-term lease and operations of Munroe Regional Medical Center. The transfer of the lease is subject to the consent of the Marion County Hospital District, CHS states in an announcement. Kaufman, Hall & Associates, LLC is acting as the exclusive financial advisor to Altamonte Springs, FL-based Adventist Health System in the deal that is expected to close in the third quarter of 2018.
Once the transaction closes, the Munroe Regional Medical Center will be the second largest hospital in Adventist's West Florida division and the third largest in the Adventist Health System and marks its entrance into Marion County.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
