COMMUNITY HEALTH SYSTEMS INC (CYH): M&A transaction — CHS completes sale of 80% stake in Cedar Park Regional Medical Center to Ascension for $436M

COMMUNITY HEALTH SYSTEMS INC

Cash proceeds of $436M (subject to post-close adjustment) from divestiture of Joint Venture interest in Texas hospital.
Transaction closed June 30, 2025; Ascension Health previously held minority and now owns 100%.
Pro forma gain on sale of $143M pre-tax ($93M after-tax) recorded in financial statements.
Divestiture reduces annual net operating revenues by ~$196M; not treated as discontinued operations.
CHS distributed ~$23M to buyer for amounts owed to the Joint Venture at closing.

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 subsidiaries of Ascension Health for $436 million in cash (closed 2025-06-30).

Action: disposition
Counterparty: subsidiaries of Ascension Health
Consideration: $436 million in cash
Closing: 2025-06-30

Exact text from the filing

to the CHS Selling Entities in connection with the Transaction at closing on June 30, 2025, after giving effect to estimated working capital and purchase price adjustments, was $436 million in cash (subject to a post-closing working capital adjustment). In addition, contemporaneous with the closing of the Transaction, in connection with the balance of certain

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Source: SEC EDGAR

accession 0000950170-25-092262

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