Here's Why Community Health's Florida Divestiture Matters

Community Health Systems, Inc. (CYH) completed the sale of ShorePoint Health – Port Charlotte, certain assets of ShorePoint Health – Punta Gorda and some related businesses to AdventHealth in Florida for $260 million. This marks another step in CYH’s ongoing strategy to optimize its hospital portfolio and focus on core markets.CYH initially announced the deal last November for$265 million, and its completion remains in line with the planned timeline. During the announcement of the deal, it said that the Pu ...