---
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"
generated_at: "2026-06-07T19:10:05.607607+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Community Health Systems completes sale of three Florida hospitals to Tampa General for $294M cash

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.01, 9.01, 7.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-067384
- JSON: https://secwatch.observer/filing/0000950170-23-067384.json
- Plain text: https://secwatch.observer/filing/0000950170-23-067384.txt

## Key facts
- M&A Transactions
  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).
  - Action: disposition
  - Counterparty: Florida Health Sciences Center, Inc. and certain of its affiliates
  - Consideration: approximately $294 million in cash
  - Closing: 2023-12-01
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1108109/000095017023067384/0000950170-23-067384-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.