ATLANTA (AP) – One of Georgia’s largest hospital systems is seeking to get bigger, buying two hospitals in Macon, one in Cartersville and one in Snellville for $950 million.
Piedmont Healthcare announced the purchase Monday from HCA Healthcare. The move would give Piedmont 15 acute care hospitals statewide, as it jockeys with other major Atlanta-area health systems for size and market power.
If regulators approve, Piedmont would buy 310-bed Eastside Medical Center in Snellville, 310-bed Coliseum Medical Centers and 103-bed Coliseum Northside in Macon, and 119-bed Cartersville Medical Center. The deal also includes two inpatient psychiatric hospitals, one in Macon and one in Snellville.
The companies said they hope to complete the transaction by July 31.
HCA, based in Nashville, Tennessee, said in a statement that “these facilities were not able to fully benefit from a broader HCA Healthcare presence in their areas,” a recognition of continuing hospital mergers that help big systems to bargain for better payment terms with insurers.