FRANKLIN, Tenn.--(BUSINESS WIRE)--Aug. 1, 2018--
Community Health Systems, Inc. (NYSE: CYH) announced today that an
affiliate of the Company has completed the sale of substantially all of
the associated assets of 425-bed Munroe Regional Medical Center in
Ocala, Florida, to Florida Hospital Ocala, Inc., a subsidiary of
Adventist Health System Sunbelt Healthcare Corporation. As part of the
transaction, Florida Hospital has assumed the long-term lease and
operations of Munroe Regional Medical Center. The effective date of the
transaction is August 1, 2018.
The hospital in this transaction is among the additional planned
divestitures discussed on the Company’s second quarter 2018 earnings
call. With the divestiture completed, Community Health Systems
affiliates continue to operate 18 hospitals in Florida.
Kaufman, Hall & Associates, LLC acted 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 118
affiliated hospitals in 20 states with an aggregate of approximately
20,000 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: https://www.businesswire.com/news/home/20180801005172/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