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US: FL, TN healthcare giants to merge in $7.6B deal

By  |  January 22, 2014
US: FL, TN healthcare giants to merge in $7.6B deal

Tennessee-based Community Health Systems announced plans to acquire Florida-based Health Management Associates in a deal worth an estimated $7.6 billion, say reports; CHS will pay $3.9 billion and take on Health Management’s current $3.7 billion in debt. The merger has been cleared by the board of directors for both firms. According to reports, the acquisition will make CHS the largest for-profit hospital conglomerate in number of facilities. The two expect the deal to close in the first quarter of next year, though the merger remains subject to shareholder and antitrust regulatory approval.

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    Full Content: Becker’s Hospital Review

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