COMMUNITY HEALTH SYSTEMS: Community Health Systems Announces Definitive Agreements to Sell Hospitals Located in Davenport and Lake Wales, Florida


Community Health Systems issued the following announcement on May 22.

Community Health Systems, Inc. (NYSE: CYH) announced today that affiliates of the Company have signed definitive agreements to sell two Florida hospitals to affiliates of Adventist Health System Sunbelt Healthcare Corporation. The two hospitals are Heart of Florida Regional Medical Center, a 193-bed hospital in Davenport, Fla., and Lake Wales Medical Center, a 160-bed hospital in Lake Wales, Fla., along with their respective assets, physician clinic operations and outpatient services. Each of the transactions, which are subject to customary regulatory approvals and closing conditions, is expected to close in the late third quarter of 2019.

The hospitals included in these transactions are among the additional planned divestitures discussed on the Company’s first quarter 2019 earnings call.

Original source can be found here.

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