Franklin, Tenn.-based Community Health Systems finalized its divestiture of five Pennsylvania hospitals to West Reading, Pa.-based Tower Health — formerly Reading Health System — Oct. 1.
The hospitals involved in the transaction include:
- 169-bed Brandywine Hospital in Coatesville
- 151-bed Phoenixville Hospital
- 232-bed Pottstown Memorial Medical Center
- 63-bed Jennersville Regional Hospital in West Grove
- 148-bed Chestnut Hill Hospital in Philadelphia
The five hospitals represent a portion of the 30 planned hospital divestitures CHS announced during a second quarter 2017 earnings call.
The transaction was announced in May. The financial details of the deal were not disclosed.