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.