{"id":625386,"date":"2023-04-03T13:08:00","date_gmt":"2023-04-03T18:08:00","guid":{"rendered":"https:\/\/news.sellorbuyhomefast.com\/index.php\/2023\/04\/03\/community-health-systems-sells-its-last-west-virginia-hospital\/"},"modified":"2023-04-03T13:08:00","modified_gmt":"2023-04-03T18:08:00","slug":"community-health-systems-sells-its-last-west-virginia-hospital","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2023\/04\/03\/community-health-systems-sells-its-last-west-virginia-hospital\/","title":{"rendered":"Community Health Systems sells its last West Virginia hospital"},"content":{"rendered":"
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Community Health Systems sold Plateau Medical Center in Oak Hill, West Virginia, to Vandalia Health in a $92 million deal that closed Saturday.<\/p>\n

The transaction marks\u00a0Community Health’s exit from West Virginia.\u00a0It sold the 122-bed\u00a0Greenbrier Medical Center in Ronceverte\u00a0in January.<\/p>\n

Franklin, Tennessee-based Community Health\u00a0announced the pending deal in January for Charleston, W.Va.-based\u00a0Vandalia to take over the 25-bed hospital, physician clinics and outpatient operations<\/a>.\u00a0<\/p>\n

The for-profit system continues to trim its footprint as it redirects resources to\u00a0pay down debt and reinvest in partnerships. In February, Chief Financial Officer Kevin Hammons told investors on an earnings call<\/a> the system is “engaged in continuing discussions” about other possible transactions.<\/p>\n

Reducing contract labor costs is another priority for the system, which has 78\u00a0affiliated hospitals and more than 1,000 care sites across 15 states. Those costs dropped by more than 40% last year.<\/p>\n

In 2022, Community Health reported net income of $46 million, compared with $230 million a year earlier.\u00a0\u00a0Revenue declined 1.3% to $12.2 billion, and expenses rose 3.9% to $11.4\u00a0billion.<\/p>\n

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\n Caroline Hudson<\/p>\n","protected":false},"excerpt":{"rendered":"

Skip to main content Community Health Systems sold Plateau Medical Center in Oak Hill, West Virginia, to Vandalia Health in a $92 million deal that closed Saturday. The transaction marks\u00a0Community Health’s exit from West Virginia.\u00a0It sold the 122-bed\u00a0Greenbrier Medical Center in Ronceverte\u00a0in January. Franklin, Tennessee-based Community Health\u00a0announced the pending deal in January for Charleston, W.Va.-based\u00a0Vandalia […]<\/p>\n","protected":false},"author":1,"featured_media":625387,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3393,534,267],"tags":[],"class_list":["post-625386","post","type-post","status-publish","format-standard","has-post-thumbnail","category-community","category-financial","category-health"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/625386","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=625386"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/625386\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/625387"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=625386"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=625386"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=625386"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}