Kaufman Hall Advises MUSC Health on Acquisition of Four Hospitals from CHS

CHICAGO, Ill. – November 20, 2018 –Yesterday, Community Health Systems, Inc. announced that subsidiaries of the Company have signed a definitive agreement to sell four South Carolina hospitals – 82-bed Chester Regional Medical Center in Chester, 225-bed Springs Memorial Hospital in Lancaster, 396-bed Carolinas Hospital System in Florence, and 124-bed Carolinas Hospital System – Marion in Mullins – along with related businesses, including physician clinic operations and outpatient services, to Medical University Hospital Authority in Charleston, S.C. which is the legal entity of Medical University of South Carolina or MUSC Health.

Kaufman Hall is acting as the exclusive financial advisor to MUSC Health on this transaction.

The transaction is expected to close in the first quarter of 2019, subject to customary regulatory approvals and closing conditions.

To learn more about how Kaufman Hall is assisting healthcare organizations with mergers, acquisitions, and other strategic partnerships, contact David Cohen at 224.724.3404.