A billion dollar deal between two major national health care companies would put eight hospitals in a crescent of South Carolina from Spartanburg to Florence under the same corporate owner.
Shareholders of Naples, Fla.-based Health Management Associates on Wednesday announced they had approved the sale of the 135-hospital chain to Nashville, Tenn.-based Community Health Systems for $3.9 billion. HMA has 71 hospitals throughout the country, and CHS has 135.
The combined company would create the largest chain in the country by hospital count, according to Modern Healthcare. For that reason, the deal faces regulatory and antitrust hurdles.
In South Carolina, HMA runs Chester Regional Medical Center in Chester and Carolina Pines Regional Medical Center in Hartsville, as well as 18 physician practices in Chester, Hartsville, Great Falls and Richburg.
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If the deal is finalized, they would join the CHS group that includes, in South Carolina, Mary Black Health System in Spartanburg, Springs Memorial Hospital in Lancaster, Chesterfield General Hospital in Cheraw, Marlboro Park Hospital in Bennettsville, Carolinas Hospital System in Florence and Carolinas Hospital System in Mullins.