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Divestitures
3 Months Ended
Mar. 31, 2017
Business Combinations [Abstract]  
Divestitures

NOTE 4 –DIVESTITURES

Trinity Hospital of Augusta

On March 30, 2017, the Company announced that it had entered into a definitive agreement to sell 231-bed Trinity Hospital of Augusta, and its affiliated outpatient facilities located in Augusta, Georgia. The Company anticipates completing the sale of this hospital in the second quarter of 2017.

Cherokee Medical Center

On March 31, 2017, the Company sold 60-bed Cherokee Medical Center and its affiliated outpatient facilities (“Cherokee”), located in Centre, Alabama, for $4.3 million. For the three months ended March 31, 2017 and 2016, the Company’s operating results included pre-tax losses of $0.9 million and $1.7 million, respectively, related to Cherokee. In addition to the above, the Company recorded a $0.8 million gain on the sale in the three months ended March 31, 2017. The Company also recorded $3.9 million and $2.0 million of impairment to property, equipment and capitalized software costs of Cherokee during the years ended December 31, 2016 and 2015, respectively.

Barrow Regional Medical Center

Effective December 31, 2016, the Company sold 56-bed Barrow Regional Medical Center and its affiliated outpatient facilities (“Barrow”), located in Winder, Georgia, for $6.6 million. For the three months ended March 31, 2017 and 2016, the Company’s operating results included a pre-tax gain of $0.6 million and a pre-tax loss of $2.9 million, respectively, related to Barrow. In addition to the above, the Company recorded a $1.2 million loss on the sale and $4.0 million of impairment to property, equipment and capitalized software costs of Barrow during the year ended December 31, 2016.

Sandhills Regional Medical Center

Effective December 1, 2016, the Company sold 64-bed Sandhills Regional Medical Center and its affiliated outpatient facilities (“Sandhills”), located in Hamlet, North Carolina, for $7.2 million. For the three months ended March 31, 2017 and 2016, the Company’s operating results included pre-tax losses of $0.6 million related to Sandhills. In addition to the above, the Company recorded a $1.0 million loss on the sale and $4.8 million of impairment to property, equipment and capitalized software costs of Sandhills during the year ended December 31, 2016.