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Stock impact report

Freeman Health System signs agreement to buy 4 hospitals in Northwest Arkansas [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
Community Health Systems, of Franklin, Tennessee, announced Thursday that its subsidiary has signed a definitive agreement "to sell substantially all of the assets" to Freeman for $112 million. That includes: • The 128-bed Northwest Medical Center-Bentonville, in Bentonville, Arkansas. • The 222-bed Northwest Medical Center–Springdale in Springdale, Arkansas. • The 64-bed Northwest Medical Center–Willow Creek Women's Hospital in Johnson, Arkansas. • The 73-bed Siloam Springs Regional Hospital in Siloam Springs, Arkansas. The deal also includes associated outpatient centers and practices. In a statement, Matthew Fry, president and CEO of Freeman said: “This is a meaningful moment for Freeman and the communities we serve. While this marks our first expansion into Arkansas, it is a natural extension of our longstanding regional presence. Northwest Health has a long history of caring for its communities, and we are honored to continue that legacy while bringing forward Free Show less Read more
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