Community Health Systems, Inc. announced that its subsidiaries have completed the sale of their collective 80% ownership interest in Cedar Park Regional Medical Center and ancillary businesses in Cedar Park, Texas. The sale was made to subsidiaries of Ascension Health.
The transaction, which was effective July 1, 2025, generated $436 million in cash proceeds for Community Health Systems. Ascension Health, which previously held a minority interest, purchased the remaining stake through this transaction.
This significant divestiture is a crucial step in the company's ongoing strategy to reduce debt and streamline its portfolio. The cash inflow further strengthens Community Health Systems' financial position and supports its long-term strategic goals.
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