Community Health Systems Divests 80% Stake In Two Joint Ventures In Tennova Healthcare In Tennessee For $623M

Community Health Systems, Inc. (NYSE: CYH) announced today that subsidiaries of the Company have completed the sale of their 80% ownership interests in two joint ventures, which respectively own and operate 270-bed Tennova Healthcare - Clarksville and certain ancillary businesses located in Clarksville, Tennessee, to subsidiaries of Vanderbilt University Medical Center (VUMC) for $623 million, before certain transaction expenses. VUMC previously held minority ownership interests in these joint ventures and purchased the remaining ownership interests through this transaction. Contemporaneous with the completion of this transaction, subsidiaries of the Company distributed the balance of amounts owed to the two joint ventures to subsidiaries of VUMC in the amount of approximately $23 million. The entry into the definitive agreement for this transaction was announced on October 30, 2025, and the closing was effective February 1, 2026.