Riverview Regional Medical Center in Gadsden has a new owner, California-based Prime Healthcare Services LLC.
The sale was required as part of the 2014 deal in which Community Health Systems Inc. bought Health Management Associates Inc.
Community Health Systems, which owns DeKalb Regional Medical Center, also owns Gadsden Regional Medical Center. The company bought Health Management Associations and as part of the deal acquired Riverview Regional.
The Federal Trade Commission required Community to divest itself of Riverview Regional so as to avoid a monopoly of the health care industry in Gadsden.
Prime Healthcare Services also bought Dallas Regional Medical Center in Mesquite, Texas, from Community. The purchase of both Riverview Regional and Dallas Regional took effect Sunday.
Officials of Franklin, Tennessee-based Community Health Systems said they do not anticipate the sale of the hospitals to have a meaningful impact on the company’s financial operations.
Community now operates 10 hospitals in Alabama, including DeKalb Regional in Fort Payne, Gadsden Regional, Cherokee Medical Center in Centre, Stringfellow Medical Hospital in Anniston, Crestwood Medical Center in Huntsville and Trinity Medical Center of Birmingham plus hospitals in Dothan, Enterprise, Foley and Greenville.
The company is building Grandview Medical Center in Birmingham, which is expected to open early next year.