Community Health Systems agrees to sell Lake Norman Regional Medical Center to Duke Health for $280M

COMMUNITY HEALTH SYSTEMS INC

Asset sale price of approximately $280 million, subject to net working capital and lease adjustments.
123-bed Lake Norman Regional Medical Center in Mooresville, NC, and related businesses included.
Transaction expected to close in Q1 2025, pending HSR antitrust clearance and other conditions.
Hospital was among previously disclosed potential divestitures from Q3 2024 earnings call.
CHS will provide transition services to Duke Health post-closing via ancillary agreements.

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