BGL Advises Physicians of Southern Illinois Center for Health in Sale of Select Assets to Community Health Systems
July 16 2015
Brown Gibbons Lang & Company (BGL), a leading middle market investment bank, is pleased to announce that select assets on the campus of Southern Illinois Center for Health (SICH) have been acquired by Community Health Systems, Inc. (CHS). BGL served as the exclusive financial advisor to the SICH physician shareholders in the transaction. The specific terms of the transaction were not disclosed.
Select SICH assets involved in this transaction are physician-owned and include primary care and specialty medical practices, an imaging center, a surgery center, and real estate holdings. CHS is the largest publicly-traded hospital operator in the United States by number of hospitals and is a leading operator of general acute care hospitals in communities across the country. Through its subsidiaries, CHS currently owns, leases, or operates 199 affiliated hospitals in 29 states with an aggregate of approximately 30,000 licensed beds. For more information about the company, please visit www.chs.net.
About Brown Gibbons Lang & Company
Brown Gibbons Lang & Company is a leading independent investment bank serving the middle market. BGL specializes in mergers and acquisitions advisory services, debt and equity placements, financial restructuring advice, and valuations and fairness opinions, with global industry teams in Consumer Products & Retail Services, Environmental & Energy Services, Healthcare & Life Sciences, Human Capital Management Outsourcing, Industrials, and Real Estate. BGL has offices in Chicago and Cleveland and real estate offices in Irvine and San Antonio, in addition to Global M&A partner offices in more than 50 countries across 5 continents, which allows us to deliver to our clients unparalleled access to corporations, investors, and opportunities globally. For more information, please visit www.bglco.com.