secwatch.observer — SEC 8-K summary
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Issuer:     COMMUNITY HEALTH SYSTEMS INC (CYH)
CIK:        0001108109
Form:       8-K
Filed at:   2024-04-18T23:59:59+00:00
Accession:  0000950170-24-045596
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CHS to sell Tennova Healthcare-Cleveland to Hamilton Health Care for $160M cash
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- Total base purchase price $160M in cash, subject to net working capital and other adjustments.
- Hospital is 351-bed Tennova Healthcare – Cleveland, Tennessee, including related businesses.
- Closing expected in Q3 2024, subject to HSR waiting period and customary conditions.
- Additional contingent consideration possible from changes to supplemental reimbursement programs.
- Sale is among additional potential divestitures discussed on Q4 2023 earnings call.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1108109/000095017024045596/0000950170-24-045596-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1108109/000095017024045596/cyh-20240418.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-045596

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer