Community Health Systems agrees to sell three Pennsylvania hospitals for $120M

COMMUNITY HEALTH SYSTEMS INC

Acute care hospitals sold: Regional Hospital of Scranton (186 beds), Moses Taylor Hospital (122 beds), Wilkes-Barre General Hospital (369 beds).
Purchase price $120M includes a $10M prepayment for IT transition services; subject to working capital and lease adjustments.
Transaction expected to close in Q4 2024, pending customary regulatory approvals and closing conditions.
Hospitals were among the additional potential divestitures highlighted on the Q2 2024 earnings call.

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