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.

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