Issue link: https://beckershealthcare.uberflip.com/i/610563
24 2015 YEAR REVIEW in 6. 38 CHS hospitals spin off as new com- pany e players: e deal involves Franklin, Tenn.-based Community Health Systems. e deal in a sentence: CHS plans to spin off 38 hospitals and its hospital man- agement and consulting business, Quorum Health Resources, into a separate company to strengthen CHS' focus on larger mar- kets. Hospitals involved: Alabama Cherokee Medical Center (Centre, Ala.) DeKalb Regional Medical Center (Fort Payne, Ala.) L.V. Stabler Memorial Hospital (Green- ville, Ala.) Arkansas Forrest City (Ark.) Medical Center Helena (Ark.) Regional Medical Center California Barstow (Calif.) Community Hospital Watsonville (Calif.) Community Hospital Georgia Trinity Hospital of Augusta (Ga.) Fannin Regional Hospital (Blue Ridge, Ga.) Clearview Regional Medical Center (Monroe, Ga.) Barrow Regional Medical Center (Winder, Ga.) Illinois Union County Hospital (Anna, Ill.) Metro South Medical Center (Blue Island, Ill.) Galesburg (Ill.) Cottage Hospital Gateway Regional Medical Center (Gran- ite City, Ill.) Heartland Regional Medical Center (Mar- ion, Ill.) Crossroads Community Hospital (Mt. Vernon, Ill.) Red Bud (Ill.) Regional Hospital Vista Medical Center - East (Waukegan, Ill.) Vista Medical Center - West (Waukegan, Ill.) Kentucky Kentucky River Medical Center (Jackson, Ky.) ree Rivers Medical Center (Louisa, Ky.) Paul B. Hall Regional Medical Center (Paintsville, Ky.) Nevada Mesa View Regional Hospital (Mesquite, Nev.) New Mexico Mimbres Memorial Hospital (Deming, N.M.) Alta Vista Regional Hospital (Las Vegas, N.M.) North Carolina Sandhills Regional Medical Center (Ham- let, N.C.) Martin General Hospital (Williamston, N.C.) Ohio Affinity Medical Center (Massillon, Ohio) Oregon McKenzie-Willamette Medical Center (Springfield, Ore.) Pennsylvania Lock Haven (Pa.) Hospital Sunbury (Pa.) Community Hospital Tennessee Henderson County Community Hospital (Lexington, Tenn.) McKenzie (Tenn.) Regional Hospital Texas Big Bend Regional Medical Center (Al- pine, Texas) Scenic Mountain Medical Center (Big Spring, Texas) Utah Mountain West Medical Center (Tooele, Utah) Wyoming Evanston (Wyo.) Regional Hospital What makes it interesting: is trans- action will allow CHS to focus on its larg- er and more urbanized markets, while the spinoff company, called Quorum Health Corp., focuses on the rural facilities. e hospitals that will comprise Quorum Health Corp. are primarily located in mar- kets with a population under 50,000, and 84 percent of them are the sole acute care providers in the their communities. 7. Daughters of Charity gets capital injection after Prime backs out of deal e players: e deal involves Los Altos Hills, Calif.-based Daughters of Charity Health System and hedge fund BlueMoun- tain Capital Management. e deal in a sentence: Aer Ontario, Calif.-based Prime Healthcare Services backed out of a deal to acquire Daughters of Charity's hospitals in March due to re- strictions placed on the transaction by the California Attorney General's Office, Blue- Mountain was selected in July to manage and operate the system's facilities. Hospitals involved: Daughters of Chari- ty's California hospitals include: O'Connor Hospital in San Jose; Saint Louise Regional Hospital in Gilroy; Seton Medical Cen- ter in Daly City; Seton Coastside in Moss Beach; St. Francis Medical Center in Lyn- wood; and St. Vincent Medical Center in Los Angeles. What makes it interesting: e trans- action, which is short of a sale, involves BlueMountain infusing $250 million into the Daughters of Charity system and cre- ating a new company, Integrity Healthcare, to manage the system. A huge hedge fund such as BlueMountain does not normally acquire a nonprofit health system. How- ever, the deal includes an option for Blue- Mountain to purchase Daughters of Char- ity aer three years. 8. TeamHealth inks deal to buy IPC Healthcare e players: e deal involves Knoxville, Tenn.-based physician staffing company TeamHealth and North Hollywood, Ca- lif.-based IPC Healthcare, an acute hos- pitalist and post-acute provider organiza- tion. e deal in a sentence: TeamHealth agreed to buy IPC for $1.6 billion to ex- pand its footprint in both acute and post- acute physician services. What makes it interesting: is trans- action will allow TeamHealth to expand into IPC's specialist area of post-acute care. IPC is the leading national platform in the post-acute sector, providing services in 1,200 post-acute facilities across the