HCA Healthcare to Sell Redmond Regional Medical Center to AdventHealth

This deal marks HCA’s final divestiture in the areas surrounding Atlanta and erasing the organization's presence in northwest Georgia.

HCA Healthcare has signed a definitive agreement to sell Redmond Regional Medical Center to AdventHealth, the healthcare provider announced Thursday.

The 230-bed hospital based in Rome, Georgia will be sold for approximately $635 million. Pending customary regulatory approval, the transaction is expected to close in the third quarter of 2021.

The medical center, which has received top accolades from The Leapfrog Group and the Fortune/IBM Watsons Health 100 Top Hospitals® list, was unable to fully benefit from HCA's network in the area, which led to the sale, according to a company press release.

For its part, AdventHealth welcomed the transaction and stated that there would be a "seamless transition" for the hospital’s team members.

"We are excited about the opportunity to offer our unique promise of whole-person care and look forward to working with and caring for the team members, physicians, and residents of northwest Georgia and the surrounding area," Terry Shaw, CEO of AdventHealth, said in a statement. "By affiliating with Redmond Regional Medical Center, we will be well positioned to continue providing excellent care in the community."

This deal marks HCA’s final divestiture in the areas surrounding Atlanta and erasing the organization's presence in northwest Georgia.

This announcement comes almost two weeks after HCA announced plans to sell four Georgia hospitals in Piedmont Healthcare for $950 million, and three weeks after the Nashville-based for-profit hospital operator recorded a net income of $1.4 billion in Q1.

According to the press release, this move is setting up the organization's strategic value by "increasing financial flexibility" for future investments and initiatives in HCA Healthcare's core markets.

In February, HCA agreed to pay $400 million for 80% of home health and outpatient company Brookdale Health Care Services. At the end of March, NorthCrest Health agreed to join TriStar Health, an affiliate of HCA.