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Transactions: HCP Inc. acquires 10 MOBs from CHS

REIT pays $163 million in sale-leaseback deal as provider seeks to reduce debt

By Murray W. Wolf

Community Health Systems (CHS) Inc. announced Dec. 22 that it sold 10 medical office buildings to HCP Inc. for $163 million. That transaction was part of an ongoing effort by CHS to reduce debt and divest itself of smaller, rural hospitals, such as Merit Health Gilmore Memorial (above) in Amory, Miss., one of four hospitals it said in September 2016 that it had agreed to sell. (Photo courtesy of Merit Health)

Community Health Systems (CHS) Inc. announced Dec. 22 that it sold 10 medical office buildings to HCP Inc. for $163 million. That transaction was part of an ongoing effort by CHS to reduce debt and divest itself of smaller, rural hospitals, such as Merit Health Gilmore Memorial (above) in Amory, Miss., one of four hospitals it said in September 2016 that it had agreed to sell. (Photo courtesy of Merit Health)

On Dec. 22, 2016, just as this edition of Healthcare Real Estate Insights™ was going to press, Community Health Systems Inc. (NYSE: CYH) announced one of the year’s largest medical office building (MOBs) monetizations.

The Franklin, Tenn.-based, for-profit health system disclosed that it had completed

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