COMMUNITY HEALTH SYSTEMS INC (CYH): M&A transaction — Community Health Systems completes divestiture of Florida hospitals to AdventHealth for $260M

COMMUNITY HEALTH SYSTEMS INC

Sale of ShorePoint Health Port Charlotte and certain assets of Punta Gorda to AdventHealth closed March 1, 2025.
Cash proceeds of approximately $260 million after estimated working capital adjustments.
Pro forma net gain of $54 million ($76 million pre-tax) on the sale.
Divestiture eliminates $266 million in annual net operating revenues from the facilities.
Transaction was previously announced on November 22, 2024.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

COMMUNITY HEALTH SYSTEMS INC completed a disposition involving Adventist Health System Sunbelt Healthcare Corporation and certain of its affiliates for approximately $260 million in cash (closed 2025-03-01).

Action: disposition
Counterparty: Adventist Health System Sunbelt Healthcare Corporation and certain of its affiliates
Consideration: approximately $260 million in cash
Closing: 2025-03-01

Exact text from the filing

with the Transactions at a preliminary closing on February 28, 2025, after giving effect to estimated working capital and purchase price adjustments, was approximately $260 million in cash (subject to a post-closing working capital adjustment). The Purchase Agreement is filed as Exhibit 2.1 (which is incorporated by reference herein) in accordance with the

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Source: SEC EDGAR

accession 0000950170-25-030906

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