CYH · Community Health Systems, Inc.

Summary

Community Health Systems, Inc. announced that its wholly-owned subsidiary CHS/Community Health Systems, Inc. entered into an Asset Purchase Agreement dated March 5, 2026, with Freeman-Oak Hill Health System, d/b/a Freeman Health System, to sell substantially all assets and assume certain liabilities of four Arkansas hospitals and related businesses for $112 million, subject to adjustments. The transaction is expected to close in Q2 2026, subject to customary closing conditions.

Key takeaways

• CHS/Community Health Systems, Inc. entered Asset Purchase Agreement on March 5, 2026, with Freeman Health System.
• Assets sold include Northwest Medical Center - Bentonville (128 beds), Northwest Medical Center - Springdale (222 beds), Northwest Medical Center - Willow Creek Women’s Hospital (64 beds), and Siloam Springs Regional Hospital (73 beds), plus related outpatient centers and practices.
• Purchase price is $112 million, subject to adjustments for closing net working capital and finance leases assumed.
• Closing expected in second quarter of 2026, subject to closing conditions; terminable if not closed by August 1, 2026.
• Parties to enter Transition Services Agreements at closing for IT and operational services.
• Press release issued March 5, 2026, announcing the agreement (Exhibit 99.1).