Community Health Systems signs definitive agreement to sell four Arkansas hospitals to Freeman Health System for $112M

COMMUNITY HEALTH SYSTEMS INC

Asset sale includes 128-bed Bentonville, 222-bed Springdale, 64-bed Willow Creek Women's, and 73-bed Siloam Springs hospitals plus outpatient centers.
Total purchase price $112M, subject to adjustments for closing net working capital and finance leases assumed by buyer.
Transaction expected to close in Q2 2026, subject to customary regulatory approvals and closing conditions.
Hospitals were among potential divestitures flagged on Q4 2025 earnings call; Leerink Partners is exclusive financial advisor.
Proceeds will be used to reduce debt and support strategic initiatives, per company's prior divestiture strategy.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

COMMUNITY HEALTH SYSTEMS INC entered into Asset Purchase Agreement with Freeman-Oak Hill Health System, d/b/a Freeman Health System valued at $112,000,000 (effective 2026-03-05).

Action: entry
Agreement: asset purchase
Counterparty: Freeman-Oak Hill Health System, d/b/a Freeman Health System
Value: $112,000,000
Effective: 2026-03-05

Exact text from the filing

On March 5, 2026, CHS/Community Health Systems, Inc. (“CHS”), a wholly-owned subsidiary of Community Health Systems, Inc. (the “Company”), entered into an Asset Purchase Agreement (the “Purchase Agreement”) with Freeman-Oak Hill Health System, d/b/a Freeman Health System (the “Purchaser”).

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COMMUNITY HEALTH SYSTEMS INC filing history →

Source: SEC EDGAR

accession 0001193125-26-094191

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