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0 0 0.00111856823266217 0.00335570469798651 0.00335570469798651 0.00111856823266217 -0.00111856823266217 0.00671140939597301
Stock impact report

Memorial buying Merit Health, becoming sole owner of South MS county's biggest hospitals [Yahoo! Finance]

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: Yahoo! Finance
Memorial, owner of Memorial Hospital Gulfport, already acquired 50% of Merit Hospital in Biloxi and its affiliated health care businesses. Memorial has now entered an agreement with a subsidiary of Community Health Systems Inc, to buy the remaining share of Merit Biloxi's business. The deal merges Harrison County's two largest hospital systems. It also includes Merit Biloxi's medical office building, clinics, and two imaging centers. Memorial says it will not discontinue any of Merit's services. The two companies became partners in Merit Biloxi in 2020, when Memorial bought a 50% share of Merit, including its hospital, clinics, medical office building, imaging facilities, and Cedar Lake oncology center. “Our collaboration came at a pivotal time when both organizations needed to work together to ensure that health care services remained uninterrupted during an incredibly challenging period created by the global pandemic,” said Kent Nicaud, Memorial Health Systems president and C Show less Read more
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