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Community Health divests Rockwood Health for $425M

Published 11/18/2016, 07:31 AM
Community Health divests Rockwood Health for $425M
CYH
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  • Community Health Systems (NYSE:CYH) inks an agreement to sell Rockwood Health System to MultiCare Health System for $425M, subject to adjustments. The deal includes the 388-bed Deaconess Hospital in Spokane, 123-bed Valley Hospital in Spokane Valley and the multi-specialty Rockwood Clinic, all located in Washington.
  • The transaction should close in Q1 2017. CYH will use the proceeds to pay down debt.


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