M&A - COMMUNITY HEALTH SYSTEMS INC

Form Type: 8-K

Filing Date: 2025-07-01

Corporate Action: Acquisition

Type: Update

Accession Number: 000095017025092262

Filing Summary: On June 30, 2025, Community Health Systems, Inc. (the Company) and its wholly-owned subsidiary completed an acquisition transaction where they sold an 80% ownership interest in the Cedar Park Health System Joint Venture to Ascension Health. The acquisition was formalized under a purchase agreement originally dated April 15, 2025. The Purchaser paid $436 million in cash at the closing, along with an additional distribution of approximately $23 million for amounts owed to the Joint Venture. The transaction is classified as a significant disposition according to SEC regulations, and pro forma financial statements related to this acquisition are included in the filing.

Form Type: 8-K

Filing Date: 2025-04-15

Corporate Action: Acquisition

Type: New

Accession Number: 000095017025054276

Filing Summary: On April 15, 2025, Community Health Systems, Inc. (the Company) reported that its wholly-owned subsidiary, CHS, entered into a Purchase Agreement with subsidiaries of Ascension Health and Cedar Park Health System, L.P. to acquire an 80% ownership interest in a Joint Venture that operates Cedar Park Regional Medical Center in Cedar Park, Texas. The total purchase price is set at $460 million, subject to adjustments. The acquisition includes various terms such as representations, warranties, and indemnifications from both parties, and is anticipated to close in late Q2 or early Q3 of 2025, pending regulatory approvals and closing conditions. The Agreement allows for termination under certain conditions, including a failure to complete the transaction by August 31, 2025. The Company also announced the signing of the Agreement through a press release on the same date, which is included as an exhibit.

Form Type: 8-K

Filing Date: 2025-04-01

Corporate Action: Acquisition

Type: New

Accession Number: 000095017025048582

Filing Summary: On April 1, 2025, Community Health Systems, Inc. completed a significant acquisition through its wholly-owned subsidiary, CHS/Community Health Systems, Inc. The acquisition was finalized as per an asset purchase agreement dated December 11, 2024, between CHS and Duke University Health System, Inc. In this transaction, Duke University Health System acquired substantially all assets and assumed certain liabilities from specific subsidiaries of CHS, which are related to Lake Norman Regional Medical Center located in Mooresville, North Carolina. The total purchase price for this transaction was approximately $284 million in cash, contingent on post-closing adjustments. This acquisition has been regarded as a significant disposition under Item 2.01 of Form 8-K. Additionally, the company issued a press release on the same date, announcing the completion of this transaction, and related pro forma financial statements are also part of this report, indicating the financial implications of the acquisition.

Form Type: 8-K

Filing Date: 2025-03-03

Corporate Action: Acquisition

Type: New

Accession Number: 000095017025030906

Filing Summary: On March 1, 2025, Community Health Systems, Inc. (CHS) completed a significant acquisition involving the purchase of substantially all assets and assumption of certain liabilities related to ShorePoint Health - Port Charlotte and ShorePoint Health - Punta Gorda in Florida. The agreement was finalized through an asset purchase agreement dated November 22, 2024, with Adventist Health System Sunbelt Healthcare Corporation and its affiliates. The transaction was valued at approximately $260 million in cash, subject to post-closing adjustments. A press release was issued on March 3, 2025, announcing the completion of the transaction, and additional pro forma financial information is provided as an exhibit in the filing.