Community Health Systems, Inc. (NYSE: CYH) announces that certain subsidiaries of the Company have completed the sale of 351-bed Tennova Healthcare – Cleveland in Cleveland, Tennessee, and certain related businesses to Hamilton Health Care System, Inc. for $160 million. Additional cash consideration may be received contingent upon potential changes to certain supplemental reimbursement programs. The transaction is effective August 1, 2024.
Read the full article: Community Health Systems Completes Divestiture of Cleveland, Tennessee, Hospital to Hamilton Health Care System //
Source: https://www.businesswire.com/news/home/20240801489951/en/Community-Health-Systems-Completes-Divestiture-of-Cleveland-Tennessee-Hospital-to-Hamilton-Health-Care-System