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Community Health Systems (CYH) has finalized a deal to sell Tennova Healthcare - Cleveland in Tennessee to Hamilton Health Care System for $160 million, with potential additional consideration. The transaction, expected to close in the third quarter of this year, is part of the Company's strategic divestiture plan.
Community Health Systems (CYH) ha concluso un accordo per vendere Tennova Healthcare - Cleveland in Tennessee a Hamilton Health Care System per 160 milioni di dollari, con ulteriori possibili considerazioni. La transazione, che si prevede sarà conclusa nel terzo trimestre di quest'anno, fa parte del piano strategico di disinvestimento della società.
Community Health Systems (CYH) ha finalizado un acuerdo para vender Tennova Healthcare - Cleveland en Tennessee a Hamilton Health Care System por $160 millones, con posibles consideraciones adicionales. Se espera que la transacción se cierre en el tercer trimestre de este año, y forma parte del plan estratégico de desinversión de la compañía.
커뮤니티 헬스 시스템(CYH)은 테네시 주 클리블랜드의 테노바 헬스케어를 해밀턴 헬스 케어 시스템에 1억 6천만 달러에 판매하는 계약을 최종적으로 체결했습니다. 추가적인 고려 사항이 있을 수 있습니다. 이 거래는 올해 3분기에 마무리될 예정이며, 회사의 전략적 매각 계획의 일부입니다.
Community Health Systems (CYH) a finalisé un accord pour vendre Tennova Healthcare - Cleveland dans le Tennessee à Hamilton Health Care System pour 160 millions de dollars, avec une considération additionnelle potentielle. La transaction, prévue pour se clôturer au troisième trimestre de cette année, fait partie du plan de désinvestissement stratégique de l'entreprise.
Community Health Systems (CYH) hat einen Vertrag abgeschlossen, um Tennova Healthcare - Cleveland in Tennessee für 160 Millionen Dollar an das Hamilton Health Care System zu verkaufen, zusätzlich zu möglichen weiteren Betrachtungen. Die Transaktion, die im dritten Quartal dieses Jahres abgeschlossen werden soll, ist Teil des strategischen Desinvestitionsplans des Unternehmens.
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FRANKLIN, Tenn.--(BUSINESS WIRE)--
Community Health Systems, Inc. (NYSE: CYH) announced today that certain subsidiaries of the Company have entered into a definitive agreement to sell 351-bed Tennova Healthcare – Cleveland in Cleveland, Tennessee, and certain related businesses to affiliates of Hamilton Health Care System, Inc. for $160 million in cash, subject to certain net working capital and other adjustments. Additional consideration may be received following the transaction contingent upon potential changes to certain supplemental reimbursement programs.
The transaction is expected to close in the third quarter of this year, subject to customary regulatory approvals and closing conditions.
The hospital included in this transaction is among the additional potential divestitures discussed on the Company’s fourth quarter and year-end 2023 earnings call.
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 40 distinct markets across 15 states. The Company’s subsidiaries own or lease 71 affiliated hospitals with approximately 12,000 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.
community health systems, inc. is one of the nation’s leading operators of general acute care hospitals. the organization’s affiliates own, operate or lease 200 hospitals in 29 states with approximately 30,400 licensed beds. affiliated hospitals are dedicated to providing quality healthcare for local residents and contribute to the economic development of their communities. based on the unique needs of each community served, these hospitals offer a wide range of diagnostic, medical and surgical services in inpatient and outpatient settings.
