Community Health to Sell Texas Hospital Stake, Related Assets for $460 Million

MT Newswires Live

2025/04/16

Community Health Systems (CYH) said Tuesday it agreed to sell its 80% stake in Cedar Park Regional Medical Center and related businesses in Cedar Park, Texas, to units of Ascension Health for $460 million in cash.

The deal value is subject to net working capital and other adjustments, the company said.

Ascension, which already holds a minority stake in the medical center, will acquire the remaining interest through the transaction.

The deal is expected to close late in Q2 or early in Q3, the company added.

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