Community Health Systems to Sell Florida Facilities for $265M
Slice of Healthcare Team
Dec 02, 2024
Key Highlights
- Community Health Systems, Inc. (NYSE: CYH) to sell ShorePoint Health Port Charlotte and certain assets of ShorePoint Health Punta Gorda to AdventHealth.
- Sale price is $265 million in cash, subject to adjustments.
- ShorePoint Health Punta Gorda inpatient operations suspended due to Hurricane impacts.
- Transaction expected to close in Q1 2025, pending regulatory approvals.
Source: Business Wire
SoHC's Take
Community Health Systems’ strategic focus on optimizing its portfolio AdventHealth Hurricane-related impacts to ShorePoint Health Punta Gorda
