secwatch.observer — SEC 8-K summary
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Issuer:     COMMUNITY HEALTH SYSTEMS INC (CYH)
CIK:        0001108109
Form:       8-K
Filed at:   2023-04-03T23:59:59+00:00
Accession:  0001193125-23-089022
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

CHS completes $92M sale of Plateau Medical Center to Vandalia Health
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- Sold Plateau Medical Center (25 beds, Oak Hill, WV) for ~$92M cash, effective April 1, 2023.
- Buyer: affiliates of Vandalia Health, Inc.; preliminary closing on March 31, 2023.
- Pro forma adjustments show pre-tax gain of $36M and net gain of $30M on the sale.
- Pro forma net operating revenues reduced by $53M for year ended Dec 31, 2022 reflecting Plateau's elimination.
- Divestiture aligns with previously disclosed strategy to sell non-core hospitals.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1108109/000119312523089022/0001193125-23-089022-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1108109/000119312523089022/d492000d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-089022

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