Community Health Systems, Inc. (NYSE: CYH) announced Monday that subsidiaries of the Company have signed a definitive agreement to sell two Texas hospitals – 231-bed Abilene Regional Medical Center in Abilene and 188-bed Brownwood Regional Medical Center in Brownwood and their associated assets to subsidiaries of Hendrick Health System. The parties intend to apply for a Certificate of Public Advantage under a new regulatory framework in the State of Texas, involving, among other things, review and approval of the transaction by the Texas Health and Human Services Commission. This regulatory review process is expected to conclude by the end of the third quarter this year.
Read the full article: Community Health Systems Announces Definitive Agreement to Sell Two Texas Hospitals //
Source: https://www.businesswire.com/news/home/20200427005697/en/Community-Health-Systems-Announces-Definitive-Agreement-Sell