05:53 PM EDT, 04/18/2024 (MT Newswires) -- Community Health Systems ( CYH ) said late Thursday it agreed to sell the 351-bed Tennova Healthcare hospital in Cleveland, Tennessee, and certain related businesses to Hamilton Health Care System affiliates for $160 million in cash.
The company said it may receive additional consideration following the transaction, subject to potential changes to certain supplemental reimbursement programs.
Community Health ( CYH ) expects the deal to close in Q3.