Community Health Systems To Sell Three Hospitals In Florida For $280 Million
Community Health Systems has signed a deal to sell three of its hospitals in Florida for $280 million in cash.
The provider of healthcare and outpatient services said it will sell facilities in Brooksville, Crystal River and Spring Hill, along with their associated assets, to Tampa General Hospital and some of its affiliates.
The $280 million cash consideration doesn’t include anticipated purchase price adjustments for net working capital as well as capital leases assumed by the buyer. Including those figures, the cash consolidation is closer to about $290 million.
The deal is expected to close later this year.
Shares advanced 6% to $4.69 in after-hours trading.
Source: Market Watch
