COMMUNITY HEALTH SYSTEMS: Community Health Systems Completes Divestiture of Oklahoma City Hospital

Community Health Systems issued the following announcement on Oct. 1.

Community Health Systems, Inc. (NYSE: CYH) announced today that an affiliate of the Company has completed the sale of 238-bed AllianceHealth Deaconess hospital in Oklahoma City, Oklahoma, and its related businesses, including physician clinic operations and outpatient services, to a subsidiary of INTEGRIS Health. The effective date of the transaction is October 1, 2018.

Community Health Systems affiliates continue to operate seven hospitals in Oklahoma.

The hospital included in this transaction is one of the additional planned divestitures discussed on the Company’s second quarter 2018 earnings call.

Kaufman, Hall & Associates, LLC acted as the exclusive financial advisor to INTEGRIS Health on this transaction.

Original source can be found here.

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