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Acquisitions and Divestitures (Tables)
6 Months Ended
Jun. 30, 2020
Acquisitions And Divestitures [Abstract]  
Schedule of Divestitures

The following table provides a summary of hospitals that the Company divested during the six months ended June 30, 2020 and the year ended December 31, 2019:

 

 

 

 

 

 

 

Licensed

 

 

Hospital

 

Buyer

 

City, State

 

Beds

 

Effective Date

2020 Divestitures:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Shands Live Oak Regional Medical Center

 

HCA Healthcare, Inc. (HCA”)

 

Live Oak, FL

 

25

 

May 1, 2020

Shands Starke Regional Medical Center

 

HCA

 

Starke, FL

 

49

 

May 1, 2020

Southside Regional Medical Center

 

Bon Secours Mercy Health System

 

Petersburg, VA

 

300

 

January 1, 2020

Southampton Memorial Hospital

 

Bon Secours Mercy Health System

 

Franklin, VA

 

105

 

January 1, 2020

Southern Virginia Regional Medical Center

 

Bon Secours Mercy Health System

 

Emporia, VA

 

80

 

January 1, 2020

 

 

 

 

 

 

 

 

 

2019 Divestitures:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Bluefield Regional Medical Center

 

Princeton Community Hospital Association

 

Bluefield, WV

 

92

 

October 1, 2019

Lake Wales Medical Center

 

Adventist Health System

 

Lake Wales, FL

 

160

 

September 1, 2019

Heart of Florida Regional Medical Center

 

Adventist Health System

 

Davenport, FL

 

193

 

September 1, 2019

College Station Medical Center

 

St. Joseph Regional Health Center

 

College Station, TX

 

167

 

August 1, 2019

Tennova Healthcare - Lebanon

 

Vanderbilt University Medical Center

 

Lebanon, TN

 

245

 

August 1, 2019

Chester Regional Medical Center

 

Medical University Hospital Authority

 

Chester, SC

 

82

 

March 1, 2019

Carolinas Hospital System - Florence

 

Medical University Hospital Authority

 

Florence, SC

 

396

 

March 1, 2019

Springs Memorial Hospital

 

Medical University Hospital Authority

 

Lancaster, SC

 

225

 

March 1, 2019

Carolinas Hospital System - Marion

 

Medical University Hospital Authority

 

Mullins, SC

 

124

 

March 1, 2019

Memorial Hospital of Salem County

 

Community Healthcare Associates, LLC

 

Salem, NJ

 

126

 

January 31, 2019

Mary Black Health System - Spartanburg

 

Spartanburg Regional Healthcare System

 

Spartanburg, SC

 

207

 

January 1, 2019

Mary Black Health System - Gaffney

 

Spartanburg Regional Healthcare System

 

Gaffney, SC

 

125

 

January 1, 2019

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 June 30, 2020 and December 31, 2019 (in millions). Other assets, net primarily includes the net property and equipment for hospitals held for sale. No divestitures or potential divestitures meet the criteria for reporting as a discontinued operation.

 

 

 

June 30,

2020

 

 

December 31,

2019

 

Other current assets

 

$

52

 

 

$

25

 

Other assets, net

 

 

453

 

 

 

262

 

Accrued liabilities

 

 

128

 

 

 

43