Franklin, Tenn.-based Community Health Systems subsidiaries have signed a definitive agreement to sell three Florida hospitals to Tampa General Hospital.
The hospitals include the 120-bed Bravera Health Brooksville, 128-bed Bravera Health Seven Rivers in Crystal River and 124-bed Bravera Health Spring Hill and their associated assets.
Tampa General will acquire the hospitals for cash consideration of $280 million, excluding anticipated purchase price adjustments for net working capital and the amount of capital leases assumed by the buyer, CHS said in a July 24 news release. Total cash consideration is expected to be about $290 million.
The transaction, which is subject to regulatory approvals, is expected to close later this year.
CHS has struck agreements to sell four other hospitals across three states so far this year.