Spartanburg Regional Healthcare System has reached a definitive agreement with Tennessee-based Community Health Systems to acquire Mary Black Health System.
The acquisition, which includes the 207-bed Mary Black Memorial Hospital in Spartanburg and 125-bed Mary Black Hospital in Gaffney, is expected to close by the end of the fourth quarter of 2018, pending regulatory approvals and closing conditions, according to a news release.
The acquisition includes all physician clinics and outpatient services associated with the two hospitals, according to the release. All employees in good standing are expected to be hired.
In a statement, Spartanburg Regional trustees said the health care system acknowledges Mary Black’s “longstanding contributions to the community and looks forward to working with its stakeholders and leadership to ensure a smooth transition for the patients, associates and community.”
Once the acquisition is finalized, Spartanburg Regional Healthcare System will employ more than 8,000 people and operate six hospitals in Spartanburg, Union, and Cherokee counties.
Spartanburg Regional currently operates Spartanburg Medical System, Pelham Medical Center, Spartanburg Hospital for Restorative Care, and Union Medical Center.
The system also operates Ellen Sagar Nursing Center and Woodruff Manor, both of which offer long-term nursing home care, and the Medical Group of the Carolinas, a network of more than 350 physicians.
For more information, visit www.spartanburgregional.com.