Community Health Systems (CYH) said Monday its subsidiaries have finalized the divestment of ShorePoint Health assets in Florida to Adventist Health System Sunbelt Heathcare for $260 million.
The healthcare company said it divested ShorePoint Health - Port Charlotte in Port Charlotte and certain assets of ShorePoint Health - Punta Gorda in Punta Gorda to units of Adventist Health.
Shares were over 33% lower in recent premarket activity.
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