FRANKLIN, Tenn.--(BUSINESS WIRE)--Dec. 5, 2017--
Community Health Systems, Inc. (NYSE: CYH) announced today that
subsidiaries of the Company have signed a definitive agreement to sell
120-bed Bayfront Health Dade City in Dade City, Florida, and its
associated assets to subsidiaries of Adventist Health System. The
transaction is expected to close in the first quarter of 2018, subject
to customary regulatory approvals and closing conditions.
The hospital included in this transaction is one of the additional
planned divestitures discussed on the Company’s third quarter 2017
Kaufman, Hall & Associates, LLC is acting as the exclusive financial
advisor to Adventist Health System on this transaction.
About Community Health Systems, Inc.
Community Health Systems, Inc. is one of the largest publicly traded
hospital companies in the United States and a leading operator of
general acute care hospitals in communities across the country. The
Company, through its subsidiaries, owns, leases or operates 127
affiliated hospitals in 20 states with an aggregate of approximately
21,000 licensed beds. The Company’s headquarters are located in
Franklin, Tennessee, a suburb south of Nashville. Shares in Community
Health Systems, Inc. are traded on the New York Stock Exchange under the
symbol “CYH.” More information about the Company can be found on its
website at www.chs.net.
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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20171205006361/en/
Source: Community Health Systems, Inc.
Community Health Systems, Inc.
J. Aaron, 615-465-7000
Executive Vice President and Chief Financial
Ross W. Comeaux, 615-465-7012
Vice President –
Senior Vice President, Corporate Communications,
Marketing and Public Affairs