Community Health Systems Completes Divestiture of Cleveland, Tennessee, Hospital to Hamilton Health Care System
August 01 2024 - 9:00AM
Business Wire
Community Health Systems, Inc. (NYSE: CYH) announced today that
certain subsidiaries of the Company have completed the sale of
351-bed Tennova Healthcare – Cleveland in Cleveland, Tennessee, and
certain related businesses to Hamilton Health Care System, Inc. for
$160 million. Additional cash consideration may be received
contingent upon potential changes to certain supplemental
reimbursement programs. The transaction is effective August 1,
2024.
About Community Health Systems, Inc.
Community Health Systems, Inc. is one of the nation’s largest
healthcare companies. The Company’s affiliates are leading
providers of healthcare services, developing and operating
healthcare delivery systems in 39 distinct markets across 15
states. The Company’s subsidiaries own or lease 70 affiliated
hospitals with more than 11,000 beds and operate more than 1,000
sites of care, including physician practices, urgent care centers,
freestanding emergency departments, occupational medicine clinics,
imaging centers, cancer centers and ambulatory surgery centers.
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20240801489951/en/
Media Contact: Tomi Galin Executive Vice President,
Corporate Communications, Marketing and Public Affairs (615)
628-6607 Investor Contacts: Kevin Hammons President and
Chief Financial Officer (615) 465-7000 Anton Hie Vice President –
Investor Relations (615) 465-7012
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