HCA Healthcare is selling Redmond Regional Medical Center, a mid-size hospital in Rome, Georgia, to AdventHealth for $635 million. It's a strategic push by HCA to exit Atlanta's surrounding area.
Earlier this week, HCA announced it was selling four hospitals to Piedmont Healthcare, a not-for-profit community based health system in Atlanta, for $950 million.
The transaction is expected to close later this year, increasing Piedmont's presence in the Atlanta area.
After the sale of Redmond, HCA will no longer have a presence in northwest Georgia.
The hospital giant will focus on its network in southeast Georgia, citing attempts to "increase financial flexibility for investments in ongoing and future initiatives," as reason for the divestment.
Experts say Redmond Regional was not able to benefit from a "broader HCA Healthcare network in the area." Efforts by HCA to expand its network into Georgia's southeast region took place May 3 when the company bought Meadows Regional Medical Center in Vidalia.