ST. PETERSBURG, FL (970 WFLA) -- For the second time this year, Bayfront Hospital and its associated health network is getting new ownership.
Health Management Associates out of Naples, Florida, bought Bayfront in April. Now it's being acquired by Community Health Systems for $3.9 billion in cash and $3.7 billion in debt. The deal has been in the works for weeks.
It's not clear yet how Bayfront will be impacted by the deal. But the two companies' profiles complement each other. HMA has a large footprint in the Sunshine State, while Community Health Systems owns only two hospitals in Florida, one in the Panhandle and the other in Lake Wales.