Community Health To Sell Dade City, Florida Hospital To Adventist Health System

(RTTNews) - Community Health Systems, Inc. (CYH) announced Tuesday that its subsidiaries have signed a definitive agreement to sell 120-bed Bayfront Health Dade City in Dade City, Florida, and its associated assets to subsidiaries of Adventist Health System.

The transaction is expected to close in the first quarter of 2018, subject to customary regulatory approvals and closing conditions.

The company noted that the hospital included in the deal is one of the additional planned divestitures discussed on the Company's third quarter 2017 earnings call.

Kaufman, Hall & Associates, LLC is acting as the exclusive financial advisor to Adventist Health System on the deal