HCA selling nearly $1B of Georgia hospitals

HCA Healthcare executives have signed a deal to sell five of the company's 10 Georgia hospitals to a large nonprofit network for $950 million.

Nashville-based HCA and Piedmont Healthcare expect their transaction to close during the third quarter. Their agreement covers a 310-bed hospital east of Atlanta and a 119-bed facility north of that city as well as two hospitals and a small behavioral health facility home to a combined 453 beds in Macon. Combined, those hospitals are home to about a third of HCA’s Georgia bed count.