Sponsored by VMG Health | info@vmghealth.com | 214.369.4888

SunLink Health Systems Completes Sale of Memorial Hospital in Georgia

Atlanta-based SunLink Health Systems has completed the sale of its Memorial Hospital of Adel (Ga.) and Memorial Convalescent Center in Adel to The Hospital Authority of Tift County (Ga.) for approximately $8.35 million.

According to the release, SunLink used the $7.5 million in sale proceeds to pay down its senior credit facility to repay high-cost debt. The company expects to recognize an after tax gain of approximately $1.7 million, according to the release.  

More Articles on Hospital Sales:

Federal Judge Denies Prime Healthcare Acquisition of Victor Valley Community Hospital
Prime Healthcare Completes Purchase of Saint Mary's Regional Medical Center
Oktibbeha County Hospital in Mississippi Begins Sale Process

Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

 

Featured Whitepapers

Featured Webinars