Community Health Systems, Inc. (NYSE: CYH) announces 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.
Read the full article: Community Health Systems Announces Definitive Agreement to Sell Cleveland, Tennessee, Hospital to Hamilton Health Care System //
Source: https://www.businesswire.com/news/home/20240418677674/en/Community-Health-Systems-Announces-Definitive-Agreement-to-Sell-Cleveland-Tennessee-Hospital-to-Hamilton-Health-Care-System