Subsequent Events

9 Months Ended

Sep. 30, 2017

Subsequent Events [Abstract]

Subsequent Events Disclosure

19.  SUBSEQUENT EVENTS

The Company has evaluated all material events occurring subsequent to the balance sheet date for events requiring disclosure or recognition in the condensed consolidated financial statements.

Effective October 1, 2017, one or more subsidiaries of the Company sold Weatherford Regional Medical Center (103 licensed beds) in Weatherford, Texas, and its associated assets to subsidiaries of HCA for approximately $66 million in cash, which was received at the preliminary closing on September 29, 2017.

Effective October 1, 2017, one or more subsidiaries of the Company sold five Pennsylvania hospitals and their associated assets to subsidiaries of Reading Health System for approximately $418 million in cash, which was received at the preliminary closing on September 29, 2017. Hospitals included in the transaction were Brandywine Hospital in Coatesville (169 licensed beds), Chestnut Hill Hospital in Philadelphia (148 licensed beds), Jennersville Hospital in West Grove (63 licensed beds), Phoenixville Hospital in Phoenixville (151 licensed beds) and Pottstown Memorial Medical Center in Pottstown (232 licensed beds).

Effective November 1, 2017, one or more subsidiaries of the Company sold Highlands Regional Medical Center (126 licensed beds) in Sebring, Florida, and its associated assets to subsidiaries of HCA for approximately $11 million in cash.

Effective November 1, 2017, one or more subsidiaries of the Company sold Merit Health Northwest Mississippi (181 licensed beds) in Clarksdale, Mississippi, and its associated assets to subsidiaries of Curae Health, Inc. for approximately $23 million in a combination of cash and a note receivable from the buyer.