Becker's Healthcare November 22, 2024
Franklin, Tenn.-based Community Health Systems has entered into a definitive agreement to sell ShorePoint Health Port Charlotte (Fla.) and certain assets of ShorePoint Health Punta Gorda to AdventHealth.
AdventHealth, a 50-plus hospital system headquartered in Altamonte Springs, Fla., plans to acquire the assets for $265 million in cash, subject to certain net working capital and other adjustments.
Due to the effects of Hurricane Helene and Hurricane Milton, the Punta Gorda hospital has indefinitely suspended inpatient operations.
The transaction is expected to close in the first quarter of 2025, subject to regulatory approvals and closing conditions.
“We are excited...
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