Additionally, Piedmont will become a partner in a joint venture for a dozen urgent and family care clinics.
HCA Healthcare announced plans to sell four Georgia hospitals to Piedmont Healthcare for $950 million Monday morning.
The four facilities that HCA is selling to the Atlanta-based health system include Eastside Medical Center, a 310-bed hospital in Snellville, Cartersville Medical Center, a 119-bed hospital in Cartersville, Coliseum Health System, which has two acute care hospitals, and Coliseum Center for Behavioral Health, a 40-bed inpatient behavioral health facility in Macon.
According to a company press release, the deal is expected to close by July 31, pending customary regulatory approvals.
Additionally, Piedmont will become a partner in a joint venture for a dozen urgent and family care clinics.
"This is an exciting opportunity for Piedmont,” Kevin Brown, CEO of Piedmont, said in a statement. "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. We are committed to making a positive difference in every life we touch, and this means providing high-quality care that is seamlessly orchestrated. We look forward to further enhancing care across Georgia."
The announcement comes less than two weeks after HCA released its Q1 earnings report, highlighted by a net income of $1.4 billion.
Related: HCA's Net Income Reaches $1.4B in Q1 2021
In March, Piedmont named Thomas Arnold, a healthcare veteran, as CFO.
Related: Piedmont Healthcare Names New CFO
Jack O'Brien is the Content Team Lead and Finance Editor at HealthLeaders, an HCPro brand.
Photo credit: KONSKIE, POLAND - December 01, 2018: Hospital Corporation of America (HCA) logo displayed on smartphone - Image / Editorial credit: Piotr Swat / Shutterstock.com