Community Health Systems Completes Divestiture of Ocala, Florida Hospital
August 01 2018 - 7:00AM
Business Wire
Community Health Systems, Inc. (NYSE: CYH) announced today that
an affiliate of the Company has completed the sale of substantially
all of the associated assets of 425-bed Munroe Regional Medical
Center in Ocala, Florida, to Florida Hospital Ocala, Inc., a
subsidiary of Adventist Health System Sunbelt Healthcare
Corporation. As part of the transaction, Florida Hospital has
assumed the long-term lease and operations of Munroe Regional
Medical Center. The effective date of the transaction is August 1,
2018.
The hospital in this transaction is among the additional planned
divestitures discussed on the Company’s second quarter 2018
earnings call. With the divestiture completed, Community Health
Systems affiliates continue to operate 18 hospitals in Florida.
Kaufman, Hall & Associates, LLC acted as the exclusive
financial advisor to Adventist Health System on this
transaction.
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 118 affiliated hospitals in 20 states with an aggregate of
approximately 20,000 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 Statements
Statements 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20180801005172/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
Community Health Systems (NYSE:CYH)
Historical Stock Chart
From Mar 2024 to Apr 2024
Community Health Systems (NYSE:CYH)
Historical Stock Chart
From Apr 2023 to Apr 2024