Ty Cobb Health Care Systems, based in Lavonia, plans to sell the three nursing homes it owns, which includes Cobb Healthcare in Comer.
TCHS, who also runs Ty Cobb Regional Hospital in Lavonia, announced in a press release last week that it has signed a non-binding letter of intent with Community Health Services of Georgia (CHS) and its affiliate, Ethica Health and Retirement Communities, for the sale of Cobb Healthcare, Brown Memorial Convalescent Center and Hartwell Healthcare Center to CHS.
Cobb Healthcare is a 116-bed hospital-based long-term care facility located just off Hwy. 98 on Paoli Road in Comer.
According to the press release, the anticipated new owner CHS is “a respected, award-winning, community-oriented not-for-profit healthcare organization.”
TCHS officials stated that selling the three skilled nursing facilities will allow them to focus on the continued growth of its newly-opened hospital and will provide resources needed for success in the challenging hospital marketplace.
This sale is part of a broader plan to address the financial challenges facing the new hospital and to provide more stability for it, officials added.
“We have been very impressed with CHS’s commitment to quality long term care and to the employees, residents, and communities they serve,” TCHS CEO Greg Hearn said. “We are convinced that CHS brings the experience, resources and vision needed to continue the quality care our residents have come to expect.”
The anticipated transaction does not include the sale of TCHS’s assisted-living facility, The Gables at Cobb Village.
More information on the sale of Cobb Healthcare and the other facilities will be available when the transaction is finalized, according to the press release.