{"id":794339,"date":"2024-12-11T16:22:15","date_gmt":"2024-12-11T21:22:15","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/community-health-systems-announces-definitive-agreement-to-sell-north-carolina-hospital-to-duke-health\/"},"modified":"2024-12-11T16:22:15","modified_gmt":"2024-12-11T21:22:15","slug":"community-health-systems-announces-definitive-agreement-to-sell-north-carolina-hospital-to-duke-health","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/community-health-systems-announces-definitive-agreement-to-sell-north-carolina-hospital-to-duke-health\/","title":{"rendered":"Community Health Systems Announces Definitive Agreement to Sell North Carolina Hospital to Duke Health"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Community Health Systems Announces Definitive Agreement to Sell North Carolina Hospital to Duke Health<\/b><\/p>\n<p>FRANKLIN, Tenn.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nCommunity Health Systems, Inc. (NYSE: CYH) announced today that a subsidiary of the Company has signed a definitive agreement to sell 123-bed Lake Norman Regional Medical Center in Mooresville, N.C., and related businesses, to Duke Health for approximately $280 million, subject to certain net working capital and other adjustments.<\/p>\n<p>\nThe transaction is expected to close in the first quarter of 2025, subject to regulatory approvals and closing conditions.<\/p>\n<p>\nThe hospital included in this transaction is among the additional potential divestitures discussed on the Company\u2019s third quarter 2024 earnings call and subsequent public appearances.<\/p>\n<p><b>About Community Health Systems, Inc.<\/b><\/p>\n<p>\nCommunity Health Systems, Inc. is one of the nation\u2019s largest healthcare companies. The Company\u2019s affiliates are leading providers of healthcare services, developing and operating healthcare delivery systems in 39 distinct markets across 15 states. The Company\u2019s subsidiaries own or lease 69 affiliated hospitals with more than 11,000 beds and operate more than 1,000 sites of care, including physician practices, urgent care centers, freestanding emergency departments, occupational medicine clinics, imaging centers, cancer centers and ambulatory surgery centers. Shares in Community Health Systems, Inc. are traded on the New York Stock Exchange under the symbol \u201cCYH.\u201d The Company\u2019s headquarters are located in Franklin, Tennessee, a suburb south of Nashville. More information about the Company can be found on its website at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.chs.net%2F&amp;esheet=54165418&amp;newsitemid=20241211838755&amp;lan=en-US&amp;anchor=www.chs.net&amp;index=1&amp;md5=b76ff09bdb650abd6b1cdf6444beaf66\">www.chs.net<\/a>.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20241211838755r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20241211838755\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20241211838755\/en\/<\/a><\/span><\/p>\n<p><b>Media Contact:<br \/>\n<\/b><br \/>Tomi Galin<br \/>\n<br \/>Executive Vice President, Corporate Communications, Marketing and Public Affairs<br \/>\n<br \/>(615) 628-6607<\/p>\n<p><b>Investor Contacts:<br \/>\n<\/b><br \/>Kevin Hammons<br \/>\n<br \/>President and Chief Financial Officer<br \/>\n<br \/>(615) 465-7000<\/p>\n<p>\nAnton Hie<br \/>\n<br \/>Vice President \u2013 Investor Relations<br \/>\n<br \/>(615) 465-7012<\/p>\n<p><b>KEYWORDS:<\/b> Tennessee United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> General Health Hospitals Health<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20241211838755\/en\/1039794\/3\/CYH.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Community Health Systems Announces Definitive Agreement to Sell North Carolina Hospital to Duke Health FRANKLIN, Tenn.&#8211;(BUSINESS WIRE)&#8211; Community Health Systems, Inc. (NYSE: CYH) announced today that a subsidiary of the Company has signed a definitive agreement to sell 123-bed Lake Norman Regional Medical Center in Mooresville, N.C., and related businesses, to Duke Health for approximately $280 million, subject to certain net working capital and other adjustments. The transaction is expected to close in the first quarter of 2025, subject to regulatory approvals and closing conditions. The hospital included in this transaction is among the additional potential divestitures discussed on the Company\u2019s third quarter 2024 earnings call and subsequent public appearances. About Community Health Systems, Inc. Community Health Systems, Inc. is &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/community-health-systems-announces-definitive-agreement-to-sell-north-carolina-hospital-to-duke-health\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Community Health Systems Announces Definitive Agreement to Sell North Carolina Hospital to Duke Health&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-794339","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Community Health Systems Announces Definitive Agreement to Sell North Carolina Hospital to Duke Health - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/community-health-systems-announces-definitive-agreement-to-sell-north-carolina-hospital-to-duke-health\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Community Health Systems Announces Definitive Agreement to Sell North Carolina Hospital to Duke Health - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Community Health Systems Announces Definitive Agreement to Sell North Carolina Hospital to Duke Health FRANKLIN, Tenn.&#8211;(BUSINESS WIRE)&#8211; Community Health Systems, Inc. (NYSE: CYH) announced today that a subsidiary of the Company has signed a definitive agreement to sell 123-bed Lake Norman Regional Medical Center in Mooresville, N.C., and related businesses, to Duke Health for approximately $280 million, subject to certain net working capital and other adjustments. The transaction is expected to close in the first quarter of 2025, subject to regulatory approvals and closing conditions. The hospital included in this transaction is among the additional potential divestitures discussed on the Company\u2019s third quarter 2024 earnings call and subsequent public appearances. About Community Health Systems, Inc. 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