M&A Deal Summary

PinnacleHealth System Acquires Community Health Systems - Four Pennsylvania Hospitals

On March 14, 2017, PinnacleHealth System acquired healthcare services company Community Health Systems - Four Pennsylvania Hospitals from CHS

Acquisition Highlights
  • This is PinnacleHealth System’s 1st transaction in the Healthcare Services sector.
  • This is PinnacleHealth System’s 1st transaction in the United States.
  • This is PinnacleHealth System’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2017-03-14
Target Community Health Systems - Four Pennsylvania Hospitals
Sector Healthcare Services
Buyer(s) PinnacleHealth System
Sellers(s) CHS
Deal Type Divestiture

Target

Community Health Systems - Four Pennsylvania Hospitals

Pennsylvania, United States
Community Health Systems - Four Pennsylvania Hospitals include 100-bed Memorial Hospital of York in York, 214-bed Lancaster Regional Medical Center in Lancaster, 148-bed Heart of Lancaster Regional Medical Center in Lititz and 165-bed Carlisle Regional Medical Center in Carlisle.

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Buyer(S) 1

Buyer

PinnacleHealth System

Harrisburg, Pennsylvania, United States
Category Company
Founded 1873
Sector Healthcare Services
Employees6,000
DESCRIPTION

PinnacleHealth System, Inc. is a provider of inpatient and outpatient healthcare services in central Pennsylvania since 1873. The 627-bed system has three acute care hospitals (Community General Osteopathic, Harrisburg and West Shore Hospitals) on four campuses (Community, Harrisburg, Polyclinic and West Shore) serving a five-county service area and supporting rural hospitals through affiliations and telehealth services. The system has approximately 6,000 employees and more than 1,250 physicians and allied health professionals.

DEAL STATS #
Overall 1 of 1
Sector (Healthcare Services) 1 of 1
Type (Divestiture) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 1 of 1
Year (2017) 1 of 1

Seller(S) 1

SELLER

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 10 of 16
Sector (Healthcare Services) 10 of 16
Type (Divestiture) 10 of 16
State (Pennsylvania) 1 of 1
Country (United States) 10 of 16
Year (2017) 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-16 Community Health Systems - Eight Hospitals

United States

Community Health Systems, Inc. - Eight Hospitals is a provider of healthcare services in US.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-01 Community Health Systems - Lake Charles Louisiana Hospital

Lake Charles, Louisiana, United States

Community Health Systems - Lake Charles Louisiana Hospital comprises 8-bed Lake Area Medical Center in Lake Charles, Louisiana.

Sell -
Mergr

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