HCA Healthcare Inc. said Monday it is selling four of its hospitals in Georgia for about $950 million to Piedmont Healthcare, a not-for-profit health system headquartered in Atlanta.
HCA Healthcare said it has agreed to sell the Eastside Medical Center, the Cartersville Medical Center, the Coliseum Health System, and the Coliseum Center for Behavioral Health, a 40 bed inpatient facility.
HCA Healthcare said the transaction provides strategic value by increasing financial flexibility for investments in ongoing and future initiatives in core markets. The company currently operates five other hospitals in the state.
Citigroup is serving as financial advisor to HCA Healthcare. The transaction is expected to close in the third quarter of 2021.
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