Community Health Systems, Inc. (NYSE: CYH) announce that certain subsidiaries of the Company have entered into a definitive agreement to sell 186-bed Regional Hospital of Scranton and 122-bed Moses Taylor Hospital in Scranton, Pennsylvania, 369-bed Wilkes-Barre General Hospital in Wilkes-Barre, Pennsylvania, and certain related businesses to affiliates of Tenor Health Foundation. Since the previously announced divestiture to WoodBridge Healthcare, Inc. was terminated in November 2024, CHS representatives have worked in collaboration with the office of Pennsylvania Governor Josh Shapiro and members of the state General Assembly to identify another operator to sustain the Scranton operations and care for the community.
Read the full article: Community Health Systems Announces Definitive Agreement to Sell Three Pennsylvania Hospitals to Tenor Health Foundation //
Source: https://www.businesswire.com/news/home/20251024048754/en/Community-Health-Systems-Announces-Definitive-Agreement-to-Sell-Three-Pennsylvania-Hospitals-to-Tenor-Health-Foundation