Community Health Systems Selling Hospital to Adventist Health System

Community Health Systems

Earlier this week, it was announced that Community Health Systems, Inc. (NYSE:CYH) will be selling its Bayfront Health Dade City Hospital to Adventist Health System.

All the group’s subsidiaries have signed the agreement to sell the 120-bed hospital located in Dade City, Florida, along with its associated assets, with subsidiaries of Adventist Health System.

The transaction is slated for the first quarter of next year, subject to closing conditions and the standard closing conditions.

The Dade City hospital was included in Community Health Systems planned divestitures, which were discussed in the third quarter of this year on the company’s earnings call.

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