Community Health Systems Completes Divestiture of ShorePoint Health System in Florida

Rhea-AI Summary

Community Health Systems (NYSE: CYH) has successfully completed the divestiture of its ShorePoint Health System assets in Florida to AdventHealth for $260 million. The transaction, which was initially announced on November 22, 2024, reached its closing phase on March 1, 2025.

The deal encompasses ShorePoint Health – Port Charlotte in Port Charlotte, Florida, specific assets of ShorePoint Health – Punta Gorda in Punta Gorda, Florida, and their associated business operations.

Positive

• Received $260 million in cash from asset sale
• Successfully completed strategic divestiture of non-core assets

Negative

• Reduction in operational footprint and revenue-generating assets

FRANKLIN, Tenn.--(BUSINESS WIRE)-- Community Health Systems, Inc. (NYSE: CYH) announced today that subsidiaries of the Company have completed the divestiture of ShorePoint Health – Port Charlotte in Port Charlotte, Florida, certain assets of ShorePoint Health – Punta Gorda, in Punta Gorda, Florida, and related businesses to subsidiaries of Adventist Health System Sunbelt Healthcare Corporation (AdventHealth) for $260 million. The entry into the definitive agreement for this transaction was announced on November 22, 2024, and the closing was effective March 1, 2025.

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 37 distinct markets across 15 states. The Company’s subsidiaries own or lease 73 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 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250303256594/en/

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.

FAQ

How much did AdventHealth pay for ShorePoint Health System assets?

AdventHealth paid $260 million for the ShorePoint Health System assets in Florida.

When did CYH complete the sale of ShorePoint Health facilities?

Community Health Systems completed the sale on March 1, 2025.

Which Florida healthcare facilities did CYH sell to AdventHealth?

CYH sold ShorePoint Health – Port Charlotte, certain assets of ShorePoint Health – Punta Gorda, and related businesses.

When was the ShorePoint Health System sale agreement first announced?

The definitive agreement was announced on November 22, 2024.