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Acquisitions and Divestitures (Tables)
9 Months Ended
Sep. 30, 2023
Acquisitions And Divestitures [Abstract]  
Schedule of Divestitures

The following table provides a summary of hospitals that the Company divested (or, in the case of Lutheran Rehabilitation Hospital, in which the Company sold a majority interest) during the nine months ended September 30, 2023 and the year ended December 31, 2022:

 

 

 

 

 

 

 

Licensed

 

 

Hospital

 

Buyer

 

City, State

 

Beds

 

Effective Date

2023 Divestitures:

 

 

 

 

 

 

 

 

Greenbrier Valley Medical Center

 

Vandalia Health, Inc.

 

Ronceverte, WV

 

122

 

January 1, 2023

Plateau Medical Center

 

Vandalia Health, Inc.

 

Oak Hill, WV

 

25

 

April 1, 2023

Medical Center of South Arkansas

 

SARH Holdings, Inc.

 

El Dorado, AR

 

166

 

July 1, 2023

Lutheran Rehabilitation Hospital

 

Select Medical Corporation

 

Fort Wayne, IN

 

36

 

September 1, 2023

 

 

 

 

 

 

 

 

 

2022 Divestiture:

 

 

 

 

 

 

 

 

AllianceHealth Seminole

 

SSM HealthCare of Oklahoma, Inc.

 

Seminole, OK

 

32

 

July 1, 2022

 

Schedule of Balance Sheet Items Classified as Held for Sale

The following table discloses amounts included in the condensed consolidated balance sheets for the hospitals classified as held-for-sale as of September 30, 2023 and December 31, 2022 (in millions). Other assets, net, primarily includes the net property and equipment and goodwill for the hospitals held-for-sale. No divestitures or potential divestitures meet the criteria for reporting as a discontinued operation as of September 30, 2023 or December 31, 2022.

 

 

 

September 30,
2023

 

 

December 31,
2022

 

Other current assets

 

$

23

 

 

$

6

 

Other assets, net

 

 

469

 

 

 

132

 

Accrued liabilities

 

 

(33

)

 

 

(4

)