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Stock impact report

WoodBridge acquisition of Commonwealth Health pending [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
WoodBridge officials had originally hoped to complete the transaction last week, but will require more time. “Transactions of this scale are complex and sometimes take more time than expected,” officials said in a statement. “Both parties remain committed to working through the details of the transaction. We will keep you posted as more information becomes available.” WoodBridge announced in late July its intent to acquire Commonwealth from subsidiaries of Community Health Systems Inc., Commonwealth's Tennessee-based parent company, in a $120 million transaction that includes Commonwealth's Regional Hospital of Scranton, Moses Taylor Hospital and Wilkes-Barre General Hospital, 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 a major borrowing to provide funding for the acquisition and signi Show less Read more
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