Spartanburg Regional Healthcare System To Acquire Two Mary Black Hospitals
Oct 12, 2018 09:53AM
By Kathleen Maris
Spartanburg Regional Healthcare System (SRHS) announces a definitive agreement has been reached with subsidiaries of Community Health Systems, Inc. (CHS) to acquire Mary Black Health System (MBHS). The transaction is expected to close by the end of the fourth quarter of 2018, subject to customary regulatory approvals and closing conditions.
The two CHS hospitals involved in the transaction are:
- Mary Black Memorial Hospital – Spartanburg
- Mary Black Hospital – Gaffney
The transaction includes all physician clinics and outpatient services associated with the two hospitals, which will become part of Spartanburg Regional Healthcare System once the transaction is complete. The regulatory review process has just begun, and the acquisition is not final.
Substantially, all employees in good standing at the time the transaction is closed will be hired. Upon closing, more than 8,000 associates will be employed, and SRHS will operate six hospitals in Spartanburg, Union, and Cherokee counties.
SRHS acknowledges MBHS’s long standing contributions to the community and looks forward to working with its stakeholders and leadership to ensure a smooth transition for the patients, associates, and community.