Community Health Systems Announces Definitive Agreement to Sell Cleveland, Tennessee, Hospital to Hamilton Health Care System
Community Health Systems, Inc. (CYH)
Last community health systems, inc. earnings: 4/28 04:15 pm
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Source: Business Wire
FRANKLIN, Tenn.--(BUSINESS WIRE)--Community Health Systems, Inc. (NYSE: CYH) announced today that certain subsidiaries of the Company have entered into a definitive agreement to sell 351-bed Tennova Healthcare – Cleveland in Cleveland, Tennessee, and certain related businesses to affiliates of Hamilton Health Care System, Inc. for $160 million in cash, subject to certain net working capital and other adjustments. Additional consideration may be received following the transaction contingent upon potential changes to certain supplemental reimbursement programs.The transaction is expected to close in the third quarter of this year, subject to customary regulatory approvals and closing conditions.The hospital included in this transaction is among the additional potential divestitures discussed on the Company’s fourth quarter and year-end 2023 earnings call.About Community Health Systems, Inc.Community Health Systems, Inc. is one of the nation’s largest healthcare companies. The Compan
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News
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- Community Health Systems, Inc. (NYSE: CYH) had its price target raised by analysts at Truist Financial Co. from $3.25 to $3.75. They now have a "hold" rating on the stock.MarketBeat
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CYH
Earnings
- 4/24/24 - Miss
CYH
Sec Filings
- 4/25/24 - Form 10-Q
- 4/24/24 - Form 8-K
- 4/18/24 - Form 8-K
- CYH's page on the SEC website