COMMUNITY HEALTH SYSTEMS INC (CYH): M&A transaction — Community Health Systems completes $284M sale of Lake Norman hospital to Duke Health

COMMUNITY HEALTH SYSTEMS INC

Sale of Lake Norman Regional Medical Center and related businesses to Duke University Health System closed April 1, 2025.
Total cash consideration $284M, after estimated working capital and other adjustments.
Pro forma for year ended Dec 31, 2024 eliminates $166M in revenue and $253M in operating costs.
Pre-tax gain on sale estimated at $110M ($80M after tax), improving net loss from $516M to $454M.
Deal first announced December 11, 2024; proceeds strengthen balance sheet with $284M cash added.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.99

COMMUNITY HEALTH SYSTEMS INC completed a disposition involving Duke University Health System, Inc. for approximately $284 million in cash (closed 2025-04-01).

Action: disposition
Counterparty: Duke University Health System, Inc.
Consideration: approximately $284 million in cash
Closing: 2025-04-01

Exact text from the filing

with the Transaction at a preliminary closing on March 31, 2025, after giving effect to estimated working capital and other purchase price adjustments, was approximately $284 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 0000950170-25-048582

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