Community Health to Sell Texas Hospital Stake, Related Assets for $460 Million

, MT Newswires -  4:43 PM ET 4/15/2025 Company News

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04:43 PM EDT, 04/15/2025 (MT Newswires) -- Community Health Systems ( CYH ) said Tuesday it agreed to sell its 80% stake in Cedar Park Regional Medical Center and related businesses in Cedar Park, Texas, to units of Ascension Health for $460 million in cash.

The deal value is subject to net working capital and other adjustments, the company said.

Ascension, which already holds a minority stake in the medical center, will acquire the remaining interest through the transaction.

The deal is expected to close late in Q2 or early in Q3, the company added.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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