CYH to Sell Stake in Cedar Park Regional to Ascension in $460M Deal

Community Health Systems, Inc. (CYH) recently agreed to sell its 80% stake in Cedar Park Regional Medical Center and its associated businesses in Texas. Ascension Health, which currently holds a minority interest in Cedar Park Regional, is set to buy the remaining stake for $460 million in cash. The deal is expected to close by the late second quarter or early third quarter of this year. This announcement represents another milestone in Community Health’s mission to streamline operations to focus on profita ...