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Community Health Systems Announces Definitive Agreement to Sell ShorePoint Health System in Florida
Community Health Systems (NYSE: CYH) has announced a definitive agreement to sell ShorePoint Health facilities in Florida to AdventHealth for $265 million in cash, subject to adjustments. The sale includes ShorePoint Health Port Charlotte, certain assets of ShorePoint Health Punta Gorda (currently with suspended inpatient operations due to hurricane damage), and related ancillary businesses. The transaction is expected to close in Q1 2025, pending regulatory approvals and closing conditions.
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