---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-094191"
form_type: "8-K"
ticker: "CYH"
cik: "0001108109"
company_name: "COMMUNITY HEALTH SYSTEMS INC"
filed_at: "2026-03-05T23:59:59+00:00"
generated_at: "2026-05-15T19:19:44.782391+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-26-094191
- form_type: 8-K
- ticker: CYH
- cik: 0001108109
- company_name: COMMUNITY HEALTH SYSTEMS INC
- filed_at: 2026-03-05T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1108109/000119312526094191/0001193125-26-094191-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1108109/000119312526094191/cyh-20260305.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-094191
- JSON: https://secwatch.observer/filing/0001193125-26-094191.json
- Plain text: https://secwatch.observer/filing/0001193125-26-094191.txt

## Key facts
- Material Agreements
  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
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1108109/000119312526094191/0001193125-26-094191-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.