Nashville, Tenn.-based HCA Healthcare agreed to acquire Highlands Regional Medical Center, a 126-bed hospital in Sebring, Fla., from subsidiaries of Franklin, Tenn.-based Community Health Systems July 21.
The hospital will become part of HCA's East Florida Division, which comprises 14 hospitals and several ambulatory surgery centers, physician practices, imaging centers and free standing emergency care facilities.
The transaction is subject to regulatory approval. Officials expect to close the deal in fall 2017.
Highlands Regional marks the second hospital HCA Healthcare acquired from CHS in the past two weeks. It acquired 103-bed Weatherford (Texas) Regional Medical Center July 11.
"The expected addition of Highlands Regional to our East Florida network of hospitals will allow us to care for more people and complement our existing facilities in the region," said Sam Hazen, president and COO of HCA Healthcare. "We look forward to continuing Highlands Regional's long-standing tradition of providing high-quality care."