Community Health Systems to sell three Pennsylvania hospitals to Tenor Health Foundation

* Community Health Systems (NYSE:CYH [https://seekingalpha.com/symbol/CYH]) announced on Friday that certain subsidiaries of the company have entered into a definitive agreement to sell 186-bed Regional Hospital of Scranton and 122-bed Moses Taylor Hospital in Scranton, Pennsylvania, 369-bed Wilkes-Barre General Hospital in Wilkes-Barre, Pennsylvania, and certain related businesses to affiliates of Tenor Health Foundation.
* The transaction is subject to customary regulatory approvals and closing conditions, and is contingent on Tenor Health Foundation finalizing funding. Once funding is secured, the transaction is expected to close very soon thereafter within the fourth quarter this year. Terms are not being disclosed.
* The hospitals included in this transaction are among the additional potential divestitures discussed on the company’s third quarter 2025 earnings call.
* CYH +0.97% after hours to $4.14.
* Source: Press Release [https://seekingalpha.com/pr/20279411-community-health-systems-announces-definitive-agreement-to-sell-three-pennsylvania-hospitals]

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