Community Health Systems, Inc. (NYSE: CYH) announces that subsidiaries of the Company have entered into a definitive agreement to sell their collective 80% ownership interest in Cedar Park Regional Medical Center and certain ancillary businesses located in Cedar Park, Texas, to subsidiaries of Ascension Health for $460 million in cash, subject to certain net working capital and other adjustments. Ascension Health currently holds a minority ownership interest in Cedar Park Regional Medical Center and will purchase the remaining interest through this transaction.
Read the full article: Community Health Systems Announces Definitive Agreement to Sell Ownership Interest in Cedar Park Regional Medical Center in Texas //
Source: https://www.businesswire.com/news/home/20250415239291/en/Community-Health-Systems-Announces-Definitive-Agreement-to-Sell-Ownership-Interest-in-Cedar-Park-Regional-Medical-Center-in-Texas