ATLANTA – Atlanta-based Piedmont Healthcare has signed an agreement to buy four Georgia hospitals from HCA Healthcare Inc. for about $950 million, the two companies announced Monday.
Pending regulatory approval, Piedmont will acquire Eastside Medical Center in Snellville; Coliseum Medical Centers and Coliseum Northside, both in Macon; and Cartersville Medical Center in Cartersville.
The companies are targeting July 31 for a closing date.
“This is an exciting opportunity for Piedmont,” said Kevin Brown, president and CEO of Piedmont Healthcare. “HCA Healthcare has instilled a high standard of care into these facilities, and we are proud that they have trusted Piedmont to continue this legacy.”
The four HCA Healthcare hospitals were not able to fully benefit from a broader HCA presence in their communities, Nashville-based HCA stated in a news release.
“Given Piedmont Healthcare’s history of serving the region’s health care needs, the affiliation will better position the hospitals to continue providing excellent care to their patients,” the release stated. “At the same time, the transaction provides strategic value to HCA Healthcare by increasing financial flexibility in investments in ongoing and future initiatives in core markets.”
Eastside Medical Center is a 310-bed two-campus system of care. The North Campus has 229 beds supporting acute care services, including a 46-bed emergency department.
The South Campus offers a 61-bed inpatient psychiatric center, 20-bed inpatient rehabilitation facility, and an 11-bed emergency department.
Coliseum Health System includes two acute care hospitals: Coliseum Medical Centers with 310 beds and Coliseum Northside with 103 beds. In addition, Coliseum operates an ambulatory surgery center in Macon with three operating rooms.
Cartersville Medical Center is a 119-bed acute care hospital that includes a 43-bed emergency department with a level III trauma center.