Community Health Systems Announces Definitive Agreement to Sell Weatherford, Texas Hospital to HCA
July 11 2017 - 5:47PM
Business Wire
Community Health Systems, Inc. (NYSE: CYH) announced today that
subsidiaries of the Company have signed a definitive agreement to
sell 103-bed Weatherford Regional Medical Center in Weatherford,
Texas, and its associated assets to subsidiaries of HCA Healthcare
(NYSE: HCA). The transaction is expected to close in the fall of
2017, subject to customary regulatory approvals and closing
conditions.
Weatherford Regional Medical Center is one of the 30 planned
hospital divestitures discussed on the Company’s first quarter 2017
earnings call.
About Community Health Systems, Inc.Community Health
Systems, Inc. is one of the largest publicly traded hospital
companies in the United States and a leading operator of general
acute care hospitals in communities across the country. The
Company, through its subsidiaries, owns, leases or operates 137
affiliated hospitals in 21 states with an aggregate of
approximately 22,000 licensed beds. The Company’s headquarters are
located in Franklin, Tennessee, a suburb south of Nashville. Shares
in Community Health Systems, Inc. are traded on the New York Stock
Exchange under the symbol “CYH.” More information about the Company
can be found on its website at www.chs.net.
Forward-Looking StatementsStatements contained in this
news release regarding potential transactions, operating results,
and other events are forward-looking statements that involve risk
and uncertainties. Actual future events or results may differ
materially from these statements. Readers are referred to the
documents filed by Community Health Systems, Inc. with the
Securities and Exchange Commission, including the Company’s annual
report on Form 10-K, current reports on Form 8-K and quarterly
reports on Form 10-Q. These filings identify important risk factors
and other uncertainties that could cause actual results to differ
from those contained in the forward-looking statements. The Company
undertakes no obligation to revise or update any forward-looking
statements, or to make any other forward-looking statements,
whether as a result of new information, future events or
otherwise.
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version on businesswire.com: http://www.businesswire.com/news/home/20170711006639/en/
Community Health Systems, Inc.Investor Contacts:Thomas J. Aaron,
615-465-7000Executive Vice President and Chief Financial
OfficerorRoss W. Comeaux, 615-465-7012Vice President – Investor
RelationsorMedia Contact:Tomi Galin, 615-628-6607Senior Vice
President, Corporate Communications, Marketing and Public
Affairs
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