Community Health to Divest North Carolina Hospital for $280M

U.S. hospital company Community Health Systems, Inc. (CYH) recently announced that its subsidiary has agreed to divest the Lake Norman Regional Medical Center, along with related businesses, to Duke Health. The deal is valued at around $280 million.The 123-bed facility is located in Mooresville, NC. The deal is expected to complete in the first quarter of 2025. This transaction aligns with CYH's ongoing strategy, as the hospital was previously identified as a potential divestiture during the company's third ...