{"id":933250,"date":"2026-02-02T09:03:33","date_gmt":"2026-02-02T14:03:33","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/community-health-systems-completes-divestiture-of-three-pennsylvania-hospitals-to-tenor-health-foundation\/"},"modified":"2026-02-02T09:03:33","modified_gmt":"2026-02-02T14:03:33","slug":"community-health-systems-completes-divestiture-of-three-pennsylvania-hospitals-to-tenor-health-foundation","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/community-health-systems-completes-divestiture-of-three-pennsylvania-hospitals-to-tenor-health-foundation\/","title":{"rendered":"Community Health Systems Completes Divestiture of Three Pennsylvania Hospitals to Tenor Health Foundation"},"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 Completes Divestiture of Three Pennsylvania Hospitals to Tenor Health Foundation<\/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 certain subsidiaries of the Company have completed the divestiture of 186-bed Regional Hospital of Scranton and 122-bed Moses Taylor Hospital in Scranton, Pennsylvania, 369-bed Wilkes-Barre General Hospital in Wilkes-Barre, Pennsylvania, and certain related businesses to affiliates of Tenor Health Foundation for $33 million of cash plus a $15 million promissory note from the buyer. Additional cash consideration may be received in one or more future periods contingent upon collections of certain patient accounts receivable during the 90-day period following the closing effective date.<\/p>\n<p>\nThe entry into the definitive agreement for this transaction was announced on October 24, 2025, and the closing was effective February 1, 2026.<\/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 34 distinct markets across 13 states. The Company\u2019s subsidiaries own or lease 65 affiliated hospitals with more than 9,000 beds and operate more than 900 sites of care, including physician practices, urgent care centers, freestanding emergency departments, occupational medicine clinics, imaging centers, cancer centers and ambulatory surgery centers. The Company\u2019s headquarters are located in Franklin, Tennessee, a suburb south of Nashville. Shares in Community Health Systems, Inc. are traded on the New York Stock Exchange under the symbol \u201cCYH.\u201d 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=http%3A%2F%2Fwww.chs.net%2F&amp;esheet=54409424&amp;newsitemid=20260202723860&amp;lan=en-US&amp;anchor=www.chs.net&amp;index=1&amp;md5=6b0fb30621b7f3daf209420e733eab72\">www.chs.net<\/a>.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20260202723860r1&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\/20260202723860\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20260202723860\/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 \/>Chief Executive 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 Nursing Managed Care<\/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\/20260202723860\/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 Completes Divestiture of Three Pennsylvania Hospitals to Tenor Health Foundation FRANKLIN, Tenn.&#8211;(BUSINESS WIRE)&#8211; Community Health Systems, Inc. (NYSE: CYH) announced today that certain subsidiaries of the Company have completed the divestiture of 186-bed Regional Hospital of Scranton and 122-bed Moses Taylor Hospital in Scranton, Pennsylvania, 369-bed Wilkes-Barre General Hospital in Wilkes-Barre, Pennsylvania, and certain related businesses to affiliates of Tenor Health Foundation for $33 million of cash plus a $15 million promissory note from the buyer. Additional cash consideration may be received in one or more future periods contingent upon collections of certain patient accounts receivable during the 90-day period following the closing effective date. The entry into the definitive agreement for this transaction was announced on &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/community-health-systems-completes-divestiture-of-three-pennsylvania-hospitals-to-tenor-health-foundation\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Community Health Systems Completes Divestiture of Three Pennsylvania Hospitals to Tenor Health Foundation&#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-933250","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Community Health Systems Completes Divestiture of Three Pennsylvania Hospitals to Tenor Health Foundation - 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-completes-divestiture-of-three-pennsylvania-hospitals-to-tenor-health-foundation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Community Health Systems Completes Divestiture of Three Pennsylvania Hospitals to Tenor Health Foundation - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Community Health Systems Completes Divestiture of Three Pennsylvania Hospitals to Tenor Health Foundation FRANKLIN, Tenn.&#8211;(BUSINESS WIRE)&#8211; Community Health Systems, Inc. (NYSE: CYH) announced today that certain subsidiaries of the Company have completed the divestiture of 186-bed Regional Hospital of Scranton and 122-bed Moses Taylor Hospital in Scranton, Pennsylvania, 369-bed Wilkes-Barre General Hospital in Wilkes-Barre, Pennsylvania, and certain related businesses to affiliates of Tenor Health Foundation for $33 million of cash plus a $15 million promissory note from the buyer. Additional cash consideration may be received in one or more future periods contingent upon collections of certain patient accounts receivable during the 90-day period following the closing effective date. 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