Dive Brief:

• Community Health Systems is closing deals to spin off four of its hospitals, even while purchasing stakes in five other Oklahoma-based facilities, the Tennessean reports.
• The facilities being spun off include: the 59-bed Chesterfield General Hospital in Cheraw, SC; the 102-bed Marlboro Park Hospital in Bennettsville, SC; the 202-bed acute care Dallas Regional Medical Center in Texas; and the 281-bed acute care facility Riverview Regional Medical Center in Gadsden, AL.
• CHS is also buying full stakes in the five following hospitals (all in Oklahoma) in a deal with INTEGRIS Health: the 53-bed Blackwell Regional Hospital; the 56-bed Clinton Regional Hospital; the 25-bed Marshall County Medical Center; the 52-bed Mayes County Medical Center; and the 32-bed Seminole Medical Center.

Dive Insight:

These are some big deals expected to close within the next two months. CHS was forced to make some of the sales in the wake of its 2014 purchase of Health Management Associated, which prompted the FTC to demand that Community Health sell off some of its outsized assets in Texas and Alabama.

Several of the facilities that CHS is selling (in Cheraw and Bennettsville) to Medical Properties still require new tenants to take up residence—a process that company's spokespeople warned would take some time.