Community Health Systems, Inc. (NYSE: CYH) announces that subsidiaries of the Company have entered into a definitive agreement to sell their 80% ownership interests in two joint ventures, which respectively own and operate 270-bed Tennova Healthcare – Clarksville and certain ancillary businesses located in Clarksville, Tennessee, to subsidiaries of Vanderbilt University Medical Center (VUMC) for $600 million, subject to certain net working capital and other adjustments. VUMC currently holds a minority ownership interest in these joint ventures and will purchase the remaining ownership interests through this transaction.
Read the full article: Community Health Systems Announces Definitive Agreement to Sell Ownership Interests in Clarksville, Tennessee, Hospital to Vanderbilt University Medical Center //
Source: https://www.businesswire.com/news/home/20251030208941/en/Community-Health-Systems-Announces-Definitive-Agreement-to-Sell-Ownership-Interests-in-Clarksville-Tennessee-Hospital-to-Vanderbilt-University-Medical-Center