Green Clinic Has Completed the Sale of Its Surgical Hospital to Community Health Systems
March 11, 2015
Green Clinic (the “Clinic”) is a 50-provider multispecialty physician group located in Ruston, Louisiana. The Clinic’s physicians developed Green Clinic Surgical Hospital (“GCSH”) in 2003 to provide inpatient and outpatient surgical services to residents of Lincoln Parish and the surrounding parishes in north Louisiana. GCSH is a 35,000 square foot facility with 12 patient rooms, 4 operating rooms, and a heart catheterization lab.
The Clinic engaged Cain Brothers to locate a partner for GCSH to continue to offer the highest quality surgical services in the market. Cain Brothers conducted a process to solicit proposals from potential strategic partners, and advised on all aspects of the transaction process. In March 2015, GCSH was acquired by Northern Louisiana Medical Center (“NLMC”), a subsidiary of Community Health Systems (NYSE: CYH). The Clinic and NLMC will work in close cooperation going forward for the betterment of medical care in Lincoln Parish and the surrounding areas. GCSH will become a department of NLMC and be renamed Northern Louisiana Medical Center – Ruston Surgical Center.
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