Commonwealth Health sale collapses after nonprofit buyer fails to secure financing [Yahoo! Finance]
Community Health Systems, Inc. (CYH)
Last community health systems, inc. earnings: 4/28 04:15 pm
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Source: Yahoo! Finance
after the would-be buyer was unable to secure bond financing for the acquisition. Tennessee-based Community Health Systems Inc. described the decision to terminate the agreement as mutual. What that means for Regional Hospital of Scranton, nearby Moses Taylor Hospital and Wilkes-Barre General Hospital was not immediately clear. WoodBridge announced in late July its intent to acquire Commonwealth from subsidiaries of CHS in a $120 million transaction that included the three hospitals, as well as Commonwealth's ambulatory surgery centers, emergency departments, imaging centers, walk-in clinics, laboratories and other health care assets. The nonprofit secured last month the necessary governmental approvals to proceed with major borrowing to provide funding for the acquisition and significant capital investments in the hospitals and health care facilities that WoodBridge had planned. The news of the agreement's termination, delivered in a CHS press release, comes just weeks after
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CYH
News
- LeadingAge Maryland, Civic Works and Grace Medical Center Jointly Address Health and Addiction Needs in Affordable Senior Housing with EQUIPPR Web
- Community Health Systems Announces Definitive Agreement to Sell North Carolina Hospital to Duke HealthBusiness Wire
- Community Health Plan of Washington Welcomes Betsy Jones as New Chief Strategy Officer [Yahoo! Finance]Yahoo! Finance
- Community Health Unit Northwest Urgent Closes Arizona Buyouts [Yahoo! Finance]Yahoo! Finance
- Community Health Systems' Northwest Healthcare Completes Acquisition of Carbon Health Urgent Care Centers in Arizona [Yahoo! Finance]Yahoo! Finance
CYH
Earnings
- 10/23/24 - Miss
CYH
Sec Filings
- 12/11/24 - Form 8-K
- 11/26/24 - Form 8-K
- 11/22/24 - Form 8-K
- CYH's page on the SEC website