Community Health Systems Announces Definitive Agreement to Divest Anniston, Alabama Hospital

Saturday, March 04, 2017

Community Health Systems, Inc. announced that subsidiaries of the Company have signed a definitive agreement to sell 125-bed Stringfellow Memorial Hospital in Anniston, Alabama, to The Health Care Authority of the City of Anniston. The purchase price of $25 million includes assumption of the approximately $13 million facility lease.

The transaction is expected to close in the second quarter of 2017, subject to customary regulatory approvals and closing conditions, as well as a financing contingency. This transaction is one of the 25 transactions discussed on the Company’s fourth quarter and year-end 2016 earnings call.