secwatch.observer — SEC 8-K summary
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Issuer:     COMMUNITY HEALTH SYSTEMS INC (CYH)
CIK:        0001108109
Form:       8-K
Filed at:   2024-11-22T23:59:59+00:00
Accession:  0000950170-24-130250
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Community Health Systems sells two Florida hospitals to AdventHealth for $265M
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- Asset sale includes ShorePoint Health Port Charlotte and certain assets of ShorePoint Health Punta Gorda.
- Punta Gorda hospital has indefinitely suspended inpatient operations due to Hurricanes Helene and Milton.
- Purchase price of $265M cash, subject to net working capital and other adjustments.
- Transaction expected to close in Q1 2025, subject to regulatory approvals and conditions.
- Part of previously disclosed divestiture plans; Cain Brothers advised AdventHealth.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1108109/000095017024130250/0000950170-24-130250-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1108109/000095017024130250/cyh-20241122.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-130250

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