Dive Brief:

Community Health Systems has inked a deal to sell its stakes in two joint ventures to Vanderbilt University Medical Center for $600 million, according to a Thursday news release.

Under the deal, VUMC will acquire the remaining 80% stake in the joint ventures, which own and operate 270-bed Tennova Healthcare-Clarksville in Tennessee and other ancillary businesses. Vanderbilt currently owns a 20% stake in the joint venture.

The deal is expected to close early next year, subject to regulatory approvals and closing conditions, the companies said.

Dive Insight:

Should the deal be approved, Tennova Healthcare will become VUMC’s fourth regional medical center, joining Wilson County Hospital, Tullahoma-Harton Hospital and Bedford Hospital — all based in Tennessee. Vanderbi

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