secwatch.observer — SEC 8-K summary
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Issuer:     COMMUNITY HEALTH SYSTEMS INC (CYH)
CIK:        0001108109
Form:       8-K
Filed at:   2023-07-25T23:59:59+00:00
Accession:  0001193125-23-193446
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CHS signs definitive agreement to sell three Florida hospitals to Tampa General for ~$290M cash
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- Assets include 120-bed Bravera Health Brooksville, 124-bed Spring Hill, and 128-bed Seven Rivers hospitals.
- Base purchase price $280M, expected total cash consideration ~$290M including working capital and lease adjustments.
- Transaction expected to close in Q4 2023, subject to HSR clearance and Hernando County lease assignment.
- Divestiture was previously highlighted on the Q1 2023 earnings call as part of portfolio optimization.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1108109/000119312523193446/0001193125-23-193446-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1108109/000119312523193446/d504605d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-193446

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