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0.160642570281124 0.156626506024096 0.120481927710843 0.036144578313253 0 0.0120481927710843 -0.00803212851405623 -0.00803212851405623
Stock impact report

Community Health Systems Announces Definitive Agreement to Sell Ownership Interest in Cedar Park Regional Medical Center in Texas

Community Health Systems, Inc. (CYH) 
Last community health systems, inc. earnings: 4/28 04:15 pm Check Earnings Report
US:NYSE Investor Relations: chs.net/investor-relations
Company Research Source: Business Wire
FRANKLIN, Tenn.--(BUSINESS WIRE)--Community Health Systems, Inc. (NYSE: CYH) announced today that subsidiaries of the Company have entered into a definitive agreement to sell their collective 80% ownership interest in Cedar Park Regional Medical Center and certain ancillary businesses located in Cedar Park, Texas, to subsidiaries of Ascension Health for $460 million in cash, subject to certain net working capital and other adjustments. Ascension Health currently holds a minority ownership interest in Cedar Park Regional Medical Center and will purchase the remaining interest through this transaction.The transaction is expected to close late in the second quarter or early in the third quarter of 2025, subject to regulatory approvals and closing conditions.This transaction is among the additional potential divestitures discussed on the Company’s fourth quarter and end of year 2024 earnings call and in subsequent public appearances.About Community Health Systems, Inc.Community Health Show less Read more
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