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4-Traders Homepage  >  Equities  >  Nyse  >  Community Health Systems    CYH

COMMUNITY HEALTH SYSTEMS (CYH)
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Community Health : Announces Definitive Agreement to Sell the Assets of Ocala, Florida Hospital

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04/18/2018 | 10:17pm CEST

Community Health Systems, Inc. (NYSE: CYH) announced today that an affiliate of the Company has signed a definitive agreement to sell substantially all of the associated assets of 421-bed Munroe Regional Medical Center in Ocala, Florida, to Florida Hospital Ocala, Inc., a subsidiary of Adventist Health System Sunbelt Healthcare Corporation. As part of the transaction, Florida Hospital will assume the long-term lease and operations of Munroe Regional Medical Center. The transfer of the lease is subject to the consent of the Marion County Hospital District. The transaction is expected to close in the third quarter of 2018, subject to customary regulatory approvals and closing conditions.

The hospital included in this transaction is among the additional planned divestitures discussed on the Company’s fourth quarter 2017 earnings call.

Kaufman, Hall & Associates, LLC is acting as the exclusive financial advisor to Adventist Health System 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 126 affiliated hospitals in 20 states with an aggregate of approximately 21,000 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.


© Business Wire 2018
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Financials ($)
Sales 2018 13 738 M
EBIT 2018 841 M
Net income 2018 -156 M
Debt 2018 12 295 M
Yield 2018 -
P/E ratio 2018 -
P/E ratio 2019
EV / Sales 2018 0,93x
EV / Sales 2019 0,94x
Capitalization 443 M
Chart COMMUNITY HEALTH SYSTEMS
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Community Health Systems Technical Analysis Chart | CYH | US2036681086 | 4-Traders
Technical analysis trends COMMUNITY HEALTH SYSTEMS
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 18
Average target price 4,53 $
Spread / Average Target 18%
EPS Revisions
Managers
NameTitle
Wayne T. Smith Chairman & Chief Executive Officer
Tim L. Hingtgen President, Chief Operating Officer & Director
Thomas J. Aaron Chief Financial Officer & Executive Vice President
Lynn T. Simon Chief Medical Officer
Manish Shah Chief Information Officer & Senior Vice President
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