{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-053968","form_type":"8-K","ticker":"CYH","cik":"0001108109","company_name":"COMMUNITY HEALTH SYSTEMS INC","filed_at":"2023-02-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:43.885226+00:00","generated_at":"2026-06-18T20:55:58.277725+00:00","sec_items":["1.01","8.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Community Health Systems signs agreement to sell two NC hospitals to Novant Health for $320M","bullets":["Definitive agreement to sell 123-bed Lake Norman Regional Medical Center and Davis Regional Medical Center for $320M cash.","Davis Regional is transitioning from acute care to inpatient behavioral health hospital.","Transaction expected to close in second half of 2023, subject to HSR and other regulatory approvals.","Hospitals were among additional potential divestitures discussed on Q4 2022 earnings call."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-053968","json":"https://secwatch.observer/filing/0001193125-23-053968.json","markdown":"https://secwatch.observer/filing/0001193125-23-053968.md","text":"https://secwatch.observer/filing/0001193125-23-053968.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1108109/000119312523053968/0001193125-23-053968-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1108109/000119312523053968/d449097d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-18T20:55:58.277725+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"bb1c5772cf68957a7c0db549bd54cc0db0d9aa81","claim":"COMMUNITY HEALTH SYSTEMS INC entered into Asset Purchase Agreement with Novant Health, Inc. valued at $320 million in cash (effective 2023-02-28).","evidence_excerpt":"On February 28, 2023, CHS/Community Health Systems, Inc. (“CHS”), a wholly-owned subsidiary of Community Health Systems, Inc. (the “Company”), entered into an Asset Purchase Agreement (“Purchase Agreement”) with Novant Health, Inc., a North Carolina non-profit corporation (“Purchaser”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1108109/000119312523053968/0001193125-23-053968-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"Novant Health, Inc."},{"label":"Value","value":"$320 million in cash"},{"label":"Effective","value":"2023-02-28"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}