Baptist Memorial Health Care Corporation entered into a definitive agreement to acquire 45 Beds McKenzie Regional Hospital from Quorum Health Corporation (NYSE:QHC) for $1.7 million on July 27, 2018. As a part of transaction Quorum Health will stop operations from September 30, 2018 and the purchase price will be received in October 2018. The transaction is subject to customary approvals and closing conditions. The transaction is expected to close by the end of third quarter. Quorum Health will use all net proceeds from the transaction to repay outstanding principal on the Quorum Health Term Loan Facility. Baptist Memorial Health Care Corporation completed the acquisition of 45 Beds McKenzie Regional Hospital from Quorum Health Corporation (NYSE:QHC) on September 30, 2018.