Community Health Systems Announces Definitive Agreement to Divest Four Rural Hospitals, Three in Mississippi, One in Florida
The Company has previously announced plans to reduce and refine its overall portfolio with proceeds being used to pay down debt.
“We are highly invested in the success of our affiliated hospitals, and
we are considering how to best position them for the future,” said
The transaction is expected to close in the fourth quarter of this year, subject to customary regulatory approvals and closing conditions, as well as a financing contingency.
About Community Health Systems, Inc.
Statements contained in this news release regarding potential transactions, operating results, and other events are forward-looking statements that involve risk and uncertainties. Actual future events or results may differ materially from these statements. Readers are referred to the documents filed by Community Health Systems, Inc. with the Securities and Exchange Commission, including the Company’s annual report on Form 10-K, current reports on Form 8-K and quarterly reports on Form 10-Q. These filings identify important risk factors and other uncertainties that could cause actual results to differ from those contained in the forward-looking statements. The Company undertakes no obligation to revise or update any forward-looking statements, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.
Community Health Systems, Inc.
W. Larry Cash, 615-465-7000
President of Financial Services and Chief Financial Officer
Tomi Galin, 615-628-6607
Senior Vice President, Corporate Communications, Marketing and Public Affairs