M&A Deal Summary

CHS Acquires Gaffney Medical Center

On November 3, 2014, CHS acquired healthcare services company Gaffney Medical Center

Acquisition Highlights
  • This is CHS’s 17th transaction in the Healthcare Services sector.
  • This is CHS’s 17th transaction in the United States.
  • This is CHS’s 2nd transaction in South Carolina.

M&A Deal Summary
Date 2014-11-03
Target Gaffney Medical Center
Sector Healthcare Services
Buyer(s) CHS
Deal Type Add-on Acquisition

Target

Gaffney Medical Center

Gaffney, South Carolina, United States
Gaffney Medical Center operates as a hospital.

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Buyer(S) 1

Buyer

CHS

Franklin, Tennessee, United States
Category Company
Founded 1996
Sector Healthcare Services
Employees48,000
Revenue 12.5B USD (2023)
DESCRIPTION
Community Health Systems' corporate headquarters in Franklin, Tennessee.
Community Health Systems' corporate headquarters in Franklin, Tennessee.

CHS is an operator of general acute care hospitals. The organization’s affiliates own, operate or lease 207 hospitals in 29 states with approximately 31,100 licensed beds. Affiliated hospitals are dedicated to providing quality healthcare for local residents and contribute to the economic development of their communities. CHS was incorporated in 1996 and is based in Franklin, Tennessee.

DEAL STATS #
Overall 17 of 19
Sector (Healthcare Services) 17 of 19
Type (Add-on Acquisition) 15 of 15
State (South Carolina) 2 of 2
Country (United States) 17 of 19
Year (2014) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-13 Hartsville HMA

Hartsville, South Carolina, United States

Hartsville HMA LLC (dba Carolina Pines Regional Medical Center) is a provider of nursing services, including surgery/anesthesia, medical nutrition therapy, and emergency services. At Carolina Pines Regional Medical Center in Hartsville, SC, we “care for our own, right here at home.” The facilities on our campus include a 116-bed acute care hospital and an adjoining medical office building. From routine checkups to complex, state of the art surgery, Carolina Pines Regional Medical Center is the healthcare provider of choice in our service area, which includes the counties of Darlington, Chesterfield, Lee and Marlboro.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-07 Community Health Systems - Gadsden Alabama Hospital

Gadsden, Alabama, United States

Community Health Systems, Inc. - Gadsden Alabama Hospital is a 281-bed Riverview Regional Medical Center and related outpatient services.

Sell -
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