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Acquisitions and Divestitures (Tables)
12 Months Ended
Dec. 31, 2020
Schedule of Divestitures The following table provides a summary of hospitals that the Company divested during the years ended December 31, 2020, 2019 and 2018.

 

Hospital

 

Buyer

 

City, State

 

Licensed

Beds

 

 

Effective Date

2020 Divestitures:

 

 

 

 

 

 

 

 

 

 

Berwick Hospital Center

 

Fayette Holdings, Inc.

 

Berwick, PA

 

 

90

 

 

December 1, 2020

Brownwood Regional Medical Center

 

Hendrick Health System

 

Brownwood, TX

 

 

188

 

 

October 27, 2020

Abilene Regional Medical Center

 

Hendrick Health System

 

Abilene, TX

 

 

231

 

 

October 27, 2020

San Angelo Community Medical Center

 

Shannon Health System

 

San Angelo, TX

 

 

171

 

 

October 24, 2020

Bayfront Health St. Petersburg

 

Orlando Health, Inc.

 

St. Petersburg, FL

 

 

480

 

 

October 1, 2020

Hill Regional Hospital

 

AHRK Holdings, LLC

 

Hillsboro, TX

 

 

25

 

 

August 1, 2020

St. Cloud Regional Medical Center

 

Orlando Health, Inc.

 

St. Cloud, FL

 

 

84

 

 

July 1, 2020

Northern Louisiana Medical Center

 

Allegiance Health Management, Inc.

 

Ruston, LA

 

 

130

 

 

July 1, 2020

Shands Live Oak Regional Medical Center

 

HCA

 

Live Oak, FL

 

 

25

 

 

May 1, 2020

Shands Starke Regional Medical Center

 

HCA

 

Starke, FL

 

 

49

 

 

May 1, 2020

Southside Regional Medical Center

 

Bon Secours Mercy Health System

 

Petersburg, VA

 

 

300

 

 

January 1, 2020

Southampton Memorial Hospital

 

Bon Secours Mercy Health System

 

Franklin, VA

 

 

105

 

 

January 1, 2020

Southern Virginia Regional Medical Center

 

Bon Secours Mercy Health System

 

Emporia, VA

 

 

80

 

 

January 1, 2020

 

 

 

 

 

 

 

 

 

 

 

2019 Divestitures:

 

 

 

 

 

 

 

 

 

 

Bluefield Regional Medical Center

 

Princeton Community Hospital Association

 

Bluefield, WV

 

 

92

 

 

October 1, 2019

Lake Wales Medical Center

 

Adventist Health System

 

Lake Wales, FL

 

 

160

 

 

September 1, 2019

Heart of Florida Regional Medical Center

 

Adventist Health System

 

Davenport, FL

 

 

193

 

 

September 1, 2019

College Station Medical Center

 

St. Joseph Regional Health Center

 

College Station, TX

 

 

167

 

 

August 1, 2019

Tennova Healthcare - Lebanon

 

Vanderbilt University Medical Center

 

Lebanon, TN

 

 

245

 

 

August 1, 2019

Chester Regional Medical Center

 

Medical University Hospital Authority

 

Chester, SC

 

 

82

 

 

March 1, 2019

Carolinas Hospital System - Florence

 

Medical University Hospital Authority

 

Florence, SC

 

 

396

 

 

March 1, 2019

Springs Memorial Hospital

 

Medical University Hospital Authority

 

Lancaster, SC

 

 

225

 

 

March 1, 2019

Carolinas Hospital System - Marion

 

Medical University Hospital Authority

 

Mullins, SC

 

 

124

 

 

March 1, 2019

Memorial Hospital of Salem County

 

Community Healthcare Associates, LLC

 

Salem, NJ

 

 

126

 

 

January 31, 2019

Mary Black Health System - Spartanburg

 

Spartanburg Regional Healthcare System

 

Spartanburg, SC

 

 

207

 

 

January 1, 2019

Mary Black Health System - Gaffney

 

Spartanburg Regional Healthcare System

 

Gaffney, SC

 

 

125

 

 

January 1, 2019

 

 

 

 

 

 

 

 

 

 

 

2018 Divestitures:

 

 

 

 

 

 

 

 

 

 

Sparks Regional Medical Center

 

Baptist Health

 

Fort Smith, AR

 

 

492

 

 

November 1, 2018

Sparks Medical Center - Van Buren

 

Baptist Health

 

Van Buren, AR

 

 

103

 

 

November 1, 2018

AllianceHealth Deaconess

 

INTEGRIS Health

 

Oklahoma City, OK

 

 

238

 

 

October 1, 2018

Munroe Regional Medical Center

 

Adventist Health System

 

Ocala, FL

 

 

425

 

 

August 1, 2018

Tennova Healthcare - Dyersburg Regional

 

West Tennessee Healthcare

 

Dyersburg, TN

 

 

225

 

 

June 1, 2018

Tennova Healthcare - Regional Jackson

 

West Tennessee Healthcare

 

Jackson, TN

 

 

150

 

 

June 1, 2018

Tennova Healthcare - Volunteer Martin

 

West Tennessee Healthcare

 

Martin, TN

 

 

100

 

 

June 1, 2018

Williamson Memorial Hospital

 

Mingo Health Partners, LLC

 

Williamson, WV

 

 

76

 

 

June 1, 2018

Byrd Regional Hospital

 

Allegiance Health Management

 

Leesville, LA

 

 

60

 

 

June 1, 2018

Tennova Healthcare - Jamestown

 

Rennova Health, Inc.

 

Jamestown, TN

 

 

85

 

 

June 1, 2018

Bayfront Health Dade City

 

Adventist Health System

 

Dade City, FL

 

 

120

 

 

April 1, 2018

 

Schedule of Balance Sheet Items Classified as Held for Sale

The following table discloses amounts included in the consolidated balance sheets for the hospitals classified as held for sale as of December 31, 2020 and December 31, 2019 (in millions). Other assets, net primarily includes the net property and equipment for hospitals held for sale. No divestitures or potential divestitures meet the criteria for reporting as a discontinued operation.

 

 

 

December 31,

 

 

 

2020

 

 

2019

 

Other current assets

 

$

12

 

 

$

25

 

Other assets, net

 

 

11

 

 

 

262

 

Accrued liabilities

 

 

16

 

 

 

43

 

 

Hospitals Included in Continuing Operations [Member]  
Schedule Of Operating Results Included In Consolidated Statement Of Income Summary financial results of these hospitals for the periods included in the accompanying consolidated statements of income (loss) are as follows (in millions):

 

 

 

Year Ended December 31,

 

 

 

2020

 

 

2019

 

 

2018

 

Loss before income taxes

 

$

(144

)

 

$

(103

)

 

$

(465

)

Less: Loss attributable to noncontrolling interests

 

 

(6

)

 

 

(8

)

 

 

(5)

 

Loss from operations before income taxes attributable

 

 

 

 

 

 

 

 

 

 

 

 

to Community Health Systems, Inc. stockholders

 

$

(138

)

 

$

(95

)

 

$

(460

)