Community Health Systems Sells Three More Hospitals

Community Health Systems Sells Three More Hospitals

Community Health Systems (NYSE: CYH) is still at it. The financially troubled hospital chain unloaded three more hospitals in May, bringing the number of divested facilities in 2019 to seven. The latest announcements involved two Florida hospitals, Heart of Florida Regional Medical Center (193 beds) in Davenport and Lake Wales Medical Center (160 beds) in Lake Wales, along with their respective assets, physician clinic operations and outpatient services. The acquirer is AdventHealth, formerly known as Adventist Health System, a not-for-profit healthcare system with 45 hospital campuses and more than 8,200 licensed beds in nine states. Lake Wales Medical Center has been struggling... Read More »