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CYH Community Health Systems Inc

3.44
0.00 (0.00%)
Pre Market
Last Updated: 09:00:14
Delayed by 15 minutes
Share Name Share Symbol Market Type
Community Health Systems Inc NYSE:CYH NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 3.44 0 09:00:14

Community Health Systems Completes Divestiture of Lebanon, Tennessee Hospital

01/08/2019 9:15pm

Business Wire


Community Health Systems (NYSE:CYH)
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From May 2019 to May 2024

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Community Health Systems, Inc. (NYSE: CYH) announced today that subsidiaries of the Company have completed the divestiture of 245-bed Tennova Healthcare - Lebanon in Lebanon, Tennessee, and its associated assets to subsidiaries of Vanderbilt University Medical Center. The transaction is effective August 1, 2019.

The hospital in this transaction is one of the planned divestitures discussed on the Company’s first quarter 2019 earnings call.

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 105 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 Statements Statements 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.

Investor Contacts: Thomas J. Aaron, 615-465-7000 Executive Vice President and Chief Financial Officer or Ross W. Comeaux, 615-465-7012 Vice President – Investor Relations

Media Contact: Tomi Galin, 615-628-6607 Senior Vice President, Corporate Communications, Marketing and Public Affairs

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