Community Health Systems, Inc. announced that its subsidiaries have completed the divestiture of ShorePoint Health Port Charlotte, certain assets of ShorePoint Health Punta Gorda, and related businesses. The sale was made to subsidiaries of Adventist Health System Sunbelt Healthcare Corporation (AdventHealth).
The transaction, which closed on March 1, 2025, generated $260 million in cash proceeds for Community Health Systems. This divestiture is a key step in the company's ongoing strategy to optimize its portfolio and reduce its overall debt burden.
ShorePoint Health Punta Gorda's hospital site was permanently closed by Community Health Systems following damage from Hurricanes Helene and Milton. The completion of this sale allows AdventHealth to integrate the acquired facilities into its network and assess community needs in Punta Gorda.
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