Community Health Systems, Inc. (NYSE: CYH) announced today that an affiliate of the Company has signed a definitive agreement to sell 291-bed AllianceHealth Deaconess hospital in Oklahoma City, Oklahoma, and its related businesses, including physician clinic operations and outpatient services, to a subsidiary of INTEGRIS Health. The transaction is expected to close in the third quarter of 2018, subject to customary regulatory approvals and closing conditions.
When the transaction is complete, Community Health Systems affiliates will continue to operate seven hospitals in Oklahoma.
The hospital included in this transaction is among the additional planned divestitures discussed on the Company’s first quarter 2018 earnings call.
Kaufman, Hall & Associates, LLC is acting as the exclusive financial advisor to INTEGRIS Health on this transaction.
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