Community Health Systems, Inc. announced that its subsidiaries have completed the divestiture of Lake Norman Regional Medical Center in Mooresville, North Carolina, and related businesses. The sale was made to subsidiaries of Duke University Health System, Inc.
The transaction, which was effective April 1, 2025, generated $284 million in cash proceeds for Community Health Systems. This sale was previously announced on December 11, 2024, and is part of the company's ongoing portfolio optimization strategy.
The completion of this divestiture further supports Community Health Systems' efforts to reduce debt and focus on its core assets. This strategic move is expected to enhance the company's financial flexibility.
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