Community Health Systems, Inc. (NYSE: CYH) has announced the definitive agreement to sell the 180-bed Crestwood Medical Center in Huntsville, Alabama, and its associated outpatient centers and practices for $450 million. This transaction is among the additional potential divestitures discussed on the Company's third-quarter 2025 earnings call and in subsequent public appearances.
As of now, the transaction is expected to close in the second quarter of 2026, subject to closing conditions. Leerink Partners is acting as the exclusive financial advisor to the Company for the transaction.
Community Health Systems, Inc. is one of the nation’s largest healthcare companies. The Company’s affiliates 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.
The Company’s subsidiaries own or lease 69 affiliated hospitals with more than 10,000 beds. Shares in Community Health Systems, Inc. are traded on the New York Stock Exchange under the symbol “CYH.” The market has reacted to these announcements by moving the company's shares -4.19% to a price of $3.20. If you want to know more, read the company's complete 8-K report here.
