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Primary Content Credit: Georgia Health News
Piedmont Healthcare is adding four HCA hospitals to its network in a deal valued at close to $1 billion.
The purchases from HCA, announced Monday, would make Atlanta-based Piedmont the leading system in Georgia in number of hospitals, at 15. The Emory and Wellstar systems are next, at 11.
The deal had been rumored for several days.
If regulators approve the acquisitions, as expected, the nonprofit Piedmont system will acquire Eastside Medical Center in Snellville; Coliseum Medical Centers and Coliseum Northside, both in Macon; and Cartersville Medical Center in Cartersville.
The targeted closing date is July 31. HCA, a chain based in Tennessee, valued the acquisition price at $950 million.
May 3, 2021 11:44am
HCA Healthcare said that selling the facilities to Piedmont Healthcare will bankroll current and future investments targeting the for-profit system s core markets. The companies are targeting a July 31 close. (Getty/Martin Barraud)
HCA Healthcare has signed off on a deal to sell four of its Georgia hospitals for roughly $950 million, the Nashville, Tennessee-based health system announced this morning.
Piedmont Healthcare, an Atlanta-based not-for-profit system, is on the receiving end of the deal. It is expected to close by July 31 pending regulatory approval.
“This is an exciting opportunity for Piedmont,” Kevin Brown, president and CEO of Piedmont, said in a statement. “HCA Healthcare has instilled a high standard of care into these facilities, and we are proud that they have trusted Piedmont to continue this legacy.”
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Piedmont Healthcare to acquire Coliseum Hospitals
ATLANTA, Georgia (41NBC/WMGT) – Piedmont Healthcare signed a purchase agreement for four Georgia hospitals.
Piedmont will take over ownership of
Coliseum Medical Centers and
Coliseum Northside Hospital from HCA Healthcare. Additionally, Piedmont plans to acquire Eastside Medical Center in Snellville and Cartersville Medical Center in Cartersville.
Both Piedmont and HCA Healthcare are targeting July 31st as a closing date.
“This is an exciting opportunity for Piedmont,” said Kevin Brown, President, and CEO of Piedmont Healthcare.
Piedmont says it will become a partner in a joint venture for 12 urgent and family care clinics.
We reached out to Coliseum Health System about this story. Its Marketing Manager, Jennifer Jones, sent 41NBC the following statement on behalf of HCA Healthcare’s South Atlantic Division President, Hugh Tappan.