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Stock impact report

CHS closes sale of Alabama hospital [Yahoo! Finance]

Community Health Systems, Inc. (CYH) 
Last community health systems, inc. earnings: 4/28 04:15 pm Check Earnings Report
US:NYSE Investor Relations: chs.net/investor-relations
Company Research Source: Yahoo! Finance
Dive Brief: Community Health Systems has closed the sale of another hospital as the for-profit health system makes progress paying down its debt. On Wednesday, nonprofit Huntsville Hospital Health System acquired Huntsville, Alabama-based Crestwood Medical Center from CHS for $459 million. The purchase price is higher than the initial $450 million deal proposed in January , when the two health systems signed a definitive agreement. The final amount was subject to a post-closing working capital adjustment, according to a release, an amount that can fluctuate based on the acquisition target's assets and liabilities. Dive Insight: CHS has embarked on a spree of asset sales as the health system focuses on bringing down a debt load higher than its for-profit peers. CHS divested seven hospitals in 2025 alone, including facilities in Florida North Carolina and Texas The sales seem to be paying off. CHS executives said earlier this year they expect the pace of divestitures to slo Show less Read more
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