Community Health Systems to Sell 3 Tennessee Hospitals

Community Health Systems Inc. has announced that an affiliate of the company has signed a definitive agreement to sell three Tennessee hospitals – 225-bed Tennova Healthcare-Dyersburg Regional in Dyersburg, 150-bed Tennova Healthcare-Regional Jackson in Jackson and 100-bed Tennova Healthcare-Volunteer Martin in Martin – and their associated assets to West Tennessee Healthcare. The transaction is expected to close in the second quarter of 2018, subject to customary regulatory approvals and closing conditions.

Hospitals included in this transaction are among the additional planned divestitures discussed on the company’s fourth quarter 2017 earnings call.

Kaufman, Hall & Associates LLC is acting as the exclusive financial advisor to West Tennessee Healthcare on this transaction.