Community Health to Sell Florida Hospital to AdventHealth for $265M
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Community Health Systems (CYH) has agreed to sell its ShorePoint Health System assets in Florida to AdventHealth for $265 million. This move is part of CYH's strategy to divest non-core facilities and concentrate on growth areas.
November 25, 2024 | 7:15 pm
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Community Health Systems (CYH) is selling its ShorePoint Health System assets in Florida to AdventHealth for $265 million. This sale is part of CYH's strategy to divest non-core assets and focus on growth areas.
The sale of ShorePoint Health System assets for $265 million is a strategic move by CYH to divest non-core facilities, which is likely to positively impact its stock price as it aligns with the company's focus on growth areas.
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