Community Health Systems Completes Divestiture of South Carolina Hospitals
01 Março 2019 - 6:15PM
Business Wire
Community Health Systems, Inc. (NYSE: CYH) announced today that
subsidiaries of the Company have completed the sale of four South
Carolina hospitals – 82-bed Chester Regional Medical Center in
Chester, 225-bed Springs Memorial Hospital in Lancaster, 396-bed
Carolinas Hospital System in Florence, and 124-bed Carolinas
Hospital System – Marion in Mullins – along with related
businesses, including physician clinic operations and outpatient
services, to the Medical University Hospital Authority in
Charleston, S.C. As part of the transaction, Medical University
Hospital Authority assumed the long-term lease and operations of
Chester Regional Medical Center. The effective date of the
transaction is March 1, 2019.
The four hospitals are among the additional planned divestitures
discussed on the Company’s fourth quarter 2018 earnings call.
Kaufman, Hall & Associates, LLC acted as the exclusive
financial advisor to the Medical University Hospital Authority on
this transaction.
About Community Health Systems, Inc.Community Health
Systems, Inc. is one of the largest publicly traded hospital
companies in the United States and a leading operator of general
acute care hospitals in communities across the country. The
Company, through its subsidiaries, owns, leases or operates 106
affiliated hospitals in 18 states with an aggregate of
approximately 17,000 licensed beds. The Company’s 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 “CYH.” More information about the Company
can be found on its website at www.chs.net.
Forward-Looking StatementsStatements contained in this
news release regarding potential transactions, operating results,
and other events are forward-looking statements that involve risk
and uncertainties. Actual future events or results may differ
materially from these statements. Readers are referred to the
documents filed by Community Health Systems, Inc. with the
Securities and Exchange Commission, including the Company’s annual
report on Form 10-K, current reports on Form 8-K and quarterly
reports on Form 10-Q. These filings identify important risk factors
and other uncertainties that could cause actual results to differ
from those contained in the forward-looking statements. The Company
undertakes no obligation to revise or update any forward-looking
statements, or to make any other forward-looking statements,
whether as a result of new information, future events or
otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20190301005421/en/
Investor Contacts:Thomas J. Aaron, 615-465-7000Executive
Vice President and Chief Financial OfficerorRoss W. Comeaux,
615-465-7012Vice President – Investor Relations
Media Contact:Tomi Galin, 615-628-6607Senior Vice
President, Corporate Communications, Marketing and Public
Affairs
Community Health Systems (NYSE:CYH)
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