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Announced

AdventHealth to acquire Redmond Regional Medical Center from HCA Healthcare for $635m.

Financials

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Transaction Value£450m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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medical center

Health Care Facilities

Private

Friendly

Acquisition

Majority

Domestic

Pending

Single Bidder

United States

Synopsis

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AdventHealth, a non-profit health care centre, agreed to acquire Redmond Regional Medical Center, a 230 bed hospital, from HCA Healthcare, a provider of health care services, for $635m. As a result of the sale of Redmond Regional Medical Center, a hospital that was not able to fully benefit from a broader HCA Healthcare network in the area, the company will no longer have a presence in northwest Georgia. The transaction provides strategic value to HCA Healthcare by increasing financial flexibility for investments in ongoing and future initiatives in core markets.

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