{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-067384","form_type":"8-K","ticker":"CYH","cik":"0001108109","company_name":"COMMUNITY HEALTH SYSTEMS INC","filed_at":"2023-12-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:28.242315+00:00","generated_at":"2026-06-07T19:10:05.607607+00:00","sec_items":["2.01","9.01","7.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Community Health Systems completes sale of three Florida hospitals to Tampa General for $294M cash","bullets":["Divested Bravera Health hospitals: Brooksville (120 beds), Spring Hill (124 beds), and Seven Rivers (128 beds).","Preliminary purchase price of ~$294M cash, after working capital adjustments; transaction effective Dec. 1, 2023.","Pro forma gain on sale of $72M pre-tax ($61M net); net loss attributable to CHS stockholders widens by $19M for 9M ended Sep 30, 2023.","Pro forma net operating revenues reduced by $228M (9M 2023) and $271M (FY 2022) from eliminated hospital operations.","Sale excludes discontinued operations treatment; cash proceeds will be reflected on balance sheet as cash and accumulated deficit adjustment."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-067384","json":"https://secwatch.observer/filing/0000950170-23-067384.json","markdown":"https://secwatch.observer/filing/0000950170-23-067384.md","text":"https://secwatch.observer/filing/0000950170-23-067384.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1108109/000095017023067384/0000950170-23-067384-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1108109/000095017023067384/cyh-20231201.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T19:10:05.607607+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"26b5f4b91d69a7f798dd3f902ea02e7d59b47af9","claim":"COMMUNITY HEALTH SYSTEMS INC completed a disposition involving Florida Health Sciences Center, Inc. and certain of its affiliates for approximately $294 million in cash (closed 2023-12-01).","evidence_excerpt":"connection with the Transaction at a preliminary closing on November 30, 2023, after giving effect to estimated working capital and purchase price adjustments, was approximately $294 million in cash. The Purchase Agreement is attached as Exhibit 2.1 (which is incorporated by reference herein) in accordance with the rules of the Securities and Exchange Commission. The","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1108109/000095017023067384/0000950170-23-067384-index.htm","confidence":0.99,"family_label":"M&A Transactions","details":[{"label":"Action","value":"disposition"},{"label":"Counterparty","value":"Florida Health Sciences Center, Inc. and certain of its affiliates"},{"label":"Consideration","value":"approximately $294 million in cash"},{"label":"Closing","value":"2023-12-01"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}