Franklin, Tenn.-based Community Health Systems has signed definitive agreements to sell two Florida hospitals to Altamonte Springs, Fla.-based Adventist Health System Sunbelt Healthcare.
The two hospitals included in the deal are 193-bed Heart of Florida Regional Medical Center in Davenport and 160-bed Lake Wales (Fla.) Medical Center.
The transactions, which are subject to regulatory approvals, are expected to close in the third quarter of this year.
CHS has been selling off hospitals in recent years to improve its financial position and reduce its debt. During the first quarter of 2019, the company divested seven hospitals.
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