secwatch.observer — SEC 8-K summary
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Issuer:     COMMUNITY HEALTH SYSTEMS INC (CYH)
CIK:        0001108109
Form:       8-K
Filed at:   2024-08-01T23:59:59+00:00
Accession:  0000950170-24-089339
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.01, 9.01, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Community Health Systems completes sale of Tennova Healthcare-Cleveland for $160M
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- Base purchase price of $160M in cash received at preliminary closing on July 31, 2024.
- Additional contingent consideration possible from potential changes to supplemental reimbursement programs.
- Sale includes 351-bed hospital in Cleveland, TN and related businesses to Hamilton Health Care System.
- Pro forma net loss per share widens to $0.44 for six months ended June 30, 2024 (from $0.42 reported).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1108109/000095017024089339/0000950170-24-089339-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1108109/000095017024089339/cyh-20240801.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-089339

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