secwatch.observer — SEC 8-K summary
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Issuer:     COMMUNITY HEALTH SYSTEMS INC (CYH)
CIK:        0001108109
Form:       8-K
Filed at:   2023-01-03T23:59:59+00:00
Accession:  0001193125-23-000804
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.01, 9.01, 7.01
LLM model:  deepseek-v4-flash:cloud@v2

Community Health Systems completes $85M sale of Greenbrier Valley Medical Center to Vandalia Health
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- Sale of Greenbrier Valley Medical Center closed Jan 1, 2023; purchase price ~$85M cash.
- Pro forma gain on sale estimated at $28M pre-tax, $24M net of tax.
- 122-bed hospital divested in Ronceverte, West Virginia to Vandalia Health.
- Transaction previously highlighted on Q3 2022 earnings call.
- Pro forma shows net loss attributable to CHS stockholders increased by $2M for nine months ended Sep 30, 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1108109/000119312523000804/0001193125-23-000804-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1108109/000119312523000804/d396133d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-000804

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer