Franklin, Tenn.-based Community Health Systems revealed Feb. 14 its subsidiaries entered into a definitive agreement to divest Leesville, La.-based Byrd Regional Hospital and its associated assets to subsidiaries of Allegiance Health Management, a 14-hospital organization in Shreveport, La.
Officials expect to close the transaction during the second quarter of 2018, subject to customary regulatory approvals and closing conditions.
The divestiture of the 60-bed hospital is one of the health system's planned divestitures discussed during CHS' third quarter 2017 earnings call.