Subsidiaries of Community Health Systems complete divestiture of five Pennsylvania hospitals

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Sep 30 2017

Community Health Systems, Inc. (NYSE:CYH) announced today that subsidiaries of the Company have completed the divestiture of five Pennsylvania hospitals and their associated assets to subsidiaries of Reading Health System. Hospitals included in the transaction are 169-bed Brandywine Hospital in Coatesville, 148-bed Chestnut Hill Hospital in Philadelphia, 63-bed Jennersville Hospital in West Grove, 151-bed Phoenixville Hospital in Phoenixville and 232-bed Pottstown Memorial Medical Center in Pottstown. The effective date of the transaction is October 1, 2017.

The five hospitals included in this transaction are part of the 30 planned hospital divestitures discussed on the Company's second quarter 2017 earnings call.

Source:

http://www.chs.net/

Posted in: Business / Finance | Healthcare News

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