secwatch.observer — SEC 8-K summary
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Issuer:     COMMUNITY HEALTH SYSTEMS INC (CYH)
CIK:        0001108109
Form:       8-K
Filed at:   2024-07-30T23:59:59+00:00
Accession:  0000950170-24-088004
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

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1108109/000095017024088004/0000950170-24-088004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1108109/000095017024088004/cyh-20240730.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-088004

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