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Why Community Health Systems (CYH) Stock Is Falling
CYHmunity Health Systems(CYH) Benzinga·2024-12-12 20:13

Community Health Systems Inc CYH shares are trading lower by 7% to 3.38Thursdayafternoon.ThecompanyannouncedadefinitiveagreementtosellitsNorthCarolinaHospitaltoDukeHealthforapproximately 3.38 Thursday afternoon. The company announced a definitive agreement to sell its North Carolina Hospital to Duke Health for approximately 280 million.What Else: Community Health Systems announced that a subsidiary has entered a definitive agreement to sell the 123-bed Lake Norman Regional Medical Center in Mooresville, N.C., and related businesses to Duke Health for approximately $280 million, pending adjustments. The transaction, expecte ...