Community Health Systems Announces Definitive Agreement to Sell Ownership Interest in Cedar Park Regional Medical Center in Texas
Community Health Systems (NYSE: CYH) has announced a definitive agreement to sell its 80% ownership stake in Cedar Park Regional Medical Center and related ancillary businesses in Cedar Park, Texas. The buyer, Ascension Health, which currently holds a minority stake in the facility, will acquire the remaining interest for $460 million in cash, subject to working capital and other adjustments.
The transaction is anticipated to close between late Q2 and early Q3 2025, pending regulatory approvals and closing conditions. This divestiture was previously mentioned during CYH's Q4 and year-end 2024 earnings call and subsequent public communications.
Community Health Systems (NYSE: CYH) ha annunciato un accordo definitivo per la vendita della sua partecipazione dell'80% nel Cedar Park Regional Medical Center e nelle attività accessorie correlate a Cedar Park, Texas. L'acquirente, Ascension Health, che attualmente detiene una quota minoritaria nella struttura, acquisirà la restante partecipazione per 460 milioni di dollari in contanti, soggetti ad aggiustamenti per il capitale circolante e altre variazioni.
La transazione dovrebbe concludersi tra la fine del secondo trimestre e l'inizio del terzo trimestre 2025, subordinatamente alle approvazioni normative e alle condizioni di chiusura. Questa cessione era stata menzionata in precedenza durante la call sugli utili del quarto trimestre e dell'intero anno 2024 di CYH e nelle comunicazioni pubbliche successive.
Community Health Systems (NYSE: CYH) ha anunciado un acuerdo definitivo para vender su participación del 80% en el Cedar Park Regional Medical Center y los negocios auxiliares relacionados en Cedar Park, Texas. El comprador, Ascension Health, que actualmente posee una participación minoritaria en la instalación, adquirirá el interés restante por 460 millones de dólares en efectivo, sujeto a ajustes por capital de trabajo y otros.
Se espera que la transacción se cierre entre finales del segundo trimestre y principios del tercer trimestre de 2025, pendiente de aprobaciones regulatorias y condiciones de cierre. Esta desinversión fue mencionada previamente durante la llamada de resultados del cuarto trimestre y fin de año 2024 de CYH y en comunicaciones públicas posteriores.
Community Health Systems (NYSE: CYH)는 텍사스 주 시더 파크에 위치한 Cedar Park Regional Medical Center 및 관련 부대 사업에 대한 80% 지분을 매각하는 최종 계약을 발표했습니다. 현재 시설의 소수 지분을 보유한 구매자 Ascension Health는 운전자본 및 기타 조정을 조건으로 4억 6천만 달러 현금으로 나머지 지분을 인수할 예정입니다.
이번 거래는 규제 승인 및 마감 조건을 충족하는 것을 전제로 2025년 2분기 말에서 3분기 초 사이에 완료될 것으로 예상됩니다. 이 매각은 CYH의 2024년 4분기 및 연간 실적 발표 전화회의와 이후 공개된 커뮤니케이션에서 이미 언급된 바 있습니다.
Community Health Systems (NYSE : CYH) a annoncé un accord définitif pour vendre sa participation de 80 % dans le Cedar Park Regional Medical Center ainsi que les activités annexes associées à Cedar Park, Texas. L'acheteur, Ascension Health, qui détient actuellement une participation minoritaire dans l’établissement, acquérra le reste des parts pour 460 millions de dollars en espèces, sous réserve d’ajustements liés au fonds de roulement et autres.
La transaction devrait être finalisée entre la fin du deuxième trimestre et le début du troisième trimestre 2025, sous réserve des approbations réglementaires et des conditions de clôture. Cette cession avait été précédemment évoquée lors de la conférence téléphonique sur les résultats du quatrième trimestre et de l’année 2024 de CYH, ainsi que dans des communications publiques ultérieures.
Community Health Systems (NYSE: CYH) hat eine endgültige Vereinbarung zum Verkauf seiner 80%igen Beteiligung am Cedar Park Regional Medical Center und den damit verbundenen Nebengeschäften in Cedar Park, Texas, bekannt gegeben. Der Käufer, Ascension Health, der derzeit eine Minderheitsbeteiligung an der Einrichtung hält, wird den verbleibenden Anteil für 460 Millionen US-Dollar in bar erwerben, vorbehaltlich Anpassungen des Betriebskapitals und weiterer Änderungen.
Der Abschluss der Transaktion wird zwischen Ende des zweiten und Anfang des dritten Quartals 2025 erwartet, vorbehaltlich behördlicher Genehmigungen und Abschlussbedingungen. Dieser Verkauf wurde bereits während der Ergebnispräsentation von CYH für das vierte Quartal und das Gesamtjahr 2024 sowie in anschließenden öffentlichen Mitteilungen erwähnt.
- Significant cash infusion of $460 million from the sale
- Strategic divestiture aligned with previously announced plans
- Clean exit from the asset with complete ownership transfer
- Loss of revenue stream from 80% ownership in Cedar Park facility
- Reduction in Texas market presence
The transaction is expected to close late in the second quarter or early in the third quarter of 2025, subject to regulatory approvals and closing conditions.
This transaction is among the additional potential divestitures discussed on the Company’s fourth quarter and end of year 2024 earnings call and in subsequent public appearances.
About Community Health Systems, Inc.
Community Health Systems, Inc. is one of the nation’s largest healthcare companies. The Company’s affiliates are leading providers of healthcare services, developing and operating healthcare delivery systems in 36 distinct markets across 14 states. The Company’s subsidiaries own or lease 72 affiliated hospitals with more than 10,000 beds and operate more than 1,000 sites of care, including physician practices, urgent care centers, freestanding emergency departments, occupational medicine clinics, imaging centers, cancer centers and ambulatory surgery centers. The Company’s headquarters are located in
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Media Contact:
Tomi Galin
Executive Vice President, Corporate Communications, Marketing and Public Affairs
(615) 628-6607
Investor Contacts:
Kevin Hammons
President and Chief Financial Officer
(615) 465-7000
Anton Hie
Vice President – Investor Relations
(615) 465-7012
Source: Community Health Systems, Inc.
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