July 25, 2023 – Community Health Systems subsidiaries have signed an agreement to sell three Florida hospitals to Tampa General Hospital.
The hospitals include the 120-bed Bravera Health Brooksville, 128-bed Bravera Health Seven Rivers in Crystal River and 124-bed Bravera Health Spring Hill and their associated assets.
Tampa General will acquire the hospitals for cash consideration of $280 million, excluding anticipated purchase price adjustments for net working capital and the amount of capital leases assumed by the buyer, CHS said in a July 24 news release. Total cash consideration is expected to be about $290 million.
The transaction is expected to close later this year.