BUZZ-Community Health Systems rises after $460 mln medical center divestiture

Reuters

04-16

BUZZ-Community Health Systems rises after $460 mln medical center divestiture

** Shares of hospital operator Community Health Systems CYH.N rise 8.4% to $2.70 in extended trading

** CYH says it is selling its 80% ownership stake in Cedar Park Regional Medical Center in Texas to Ascension Health

** Ascension Health already owns a minority stake in the medical center, CYH says

** The sale price is $460 million in cash

** Deal expected to close in late Q2 or early Q3 of 2025

** As of last close, stock down 16.7% YTD

(Reporting by Kamal Choudhury in Bengaluru)

((Kamal.Choudhury@thomsonreuters.com;))

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