Community Health Systems, Inc. finalized the sale of select assets and assumed leases of its ambulatory outreach business to Laboratory Corporation of America Holdings.
The transaction was completed on December 1, 2025, with a purchase price of approximately $194 million in cash, excluding certain expenses.
The company stated that the divested operations from the sale do not meet the criteria for discontinued operations under ASC 205.
Sale Details
Sale of select assets and leases of ambulatory outreach business for $194 million cash.
Financial Impact
Pro forma financial statements prepared to reflect the impact of the transaction on Company's financials.
Operational Focus
Management highlights the continued focus on operational efficiency and strategic divestitures.
- The completion of the transaction marks a significant step in reshaping Community Health Systems' business portfolio.
- Pro forma financials offer insights into the potential effects on the Company's financial performance post-transaction.
The sale of the ambulatory outreach business reflects Community Health Systems' strategic realignment and ongoing efforts to enhance its operational effectiveness.