CHS to sell three Bravera Hospitals to Tampa General Hospital for close to $290 million
Franklin, Tennessee - Community Health Systems, Inc. announced on July 24, 2023 that subsidiaries of the company have signed an agreement to sell three Florida hospitals to Tampa General Hospital and certain of its affiliates. The transaction is expected to close later this year, subject to customary regulatory approvals and closing conditions.
The hospitals include 120-bed Bravera Health Brooksville in Brooksville, Florida, 128-bed Bravera Health Seven Rivers in Crystal River, Florida, 124-bed Bravera Health Spring Hill in Spring Hill, Florida, and their assets, for $280 million, excluding adjustments for net working capital, and the amount of capital leases assumed by the buyer, with total cash consideration estimated at approximately $290 million.
Community Health Systems, Inc. is one of the nation’s largest healthcare companies. Its affiliates are leading providers of healthcare services, developing and operating healthcare in 43 markets in 15 states. CHS subsidiaries own or lease 77 affiliated hospitals with approximately 13,000 beds and operate more than 1,000 sites of care, which includes physician practices, urgent care centers, freestanding emergency departments, occupational medicine clinics, imaging centers, cancer centers and ambulatory surgery centers.
Shares in Community Health Systems, Inc. are traded on the New York Stock Exchange under the symbol “CYH.”
The Company’s headquarters are located in Franklin, Tennessee, a suburb of Nashville, Tennessee, located south of Nashville. More information about the company can be found on its website www.chs.net.