We represented Community Health Systems, Inc. (NYSE: CYH) in its sale of Gulf Oaks Behavioral Hospital, the behavioral health operations of Merit Health Biloxi in Biloxi, Mississippi, to Oceans Healthcare, LLC. The facility will be renamed Oceans Behavioral Hospital Biloxi and will provide inpatient and outpatient behavioral health treatment. Terms of the transaction were not publicly disclosed.
Oceans Healthcare, headquartered in Plano, Texas, provides behavioral health services to patients experiencing symptoms of anxiety, depression, and more through inpatient behavioral services and intensive outpatient programs.
Community Health Systems, Inc. is one of the largest publicly traded hospital companies in the United States and a leading operator of general acute care hospitals in communities across the country.