Community Health Systems terminates sale of two N.C. hospitals after FTC appeal blocks deal

COMMUNITY HEALTH SYSTEMS INC

Novant Health terminated Asset Purchase Agreement for Lake Norman Regional Medical Center (123 beds) and Davis Regional Psychiatric Hospital (144 beds) on June 18, 2024.
Termination follows Fourth Circuit temporary injunction blocking sale pending FTC appeal; no termination fee payable.
Company evaluating operations at the two hospitals; no immediate disruption to patient care.
Deal originally announced Feb 2023; FTC sued to block, District Court allowed sale, Circuit Court granted injunction.

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