Community Health Systems, Inc. (NYSE: CYH) announced today that an affiliate of the Company has signed a definitive agreement to sell its majority ownership interest in 84‑bed St. Cloud Regional Medical Center and its associated healthcare operations in St. Cloud, Florida, to a subsidiary of Orlando Health. Orlando Health currently holds minority ownership interest in St. Cloud and will purchase the remaining interest through this transaction. The transaction is expected to close this summer, subject to customary regulatory approvals and closing conditions.
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Source: https://www.businesswire.com/news/home/20200427005772/en/Community-Health-Systems-Announces-Definitive-Agreement-Sell