Community Health Systems Enters Deal

Community Health Systems said late Tuesday it has signed, through its subsidiaries, a definitive agreement to sell four hospitals in Pennsylvania and their associated assets to subsidiaries of PinnacleHealth System.

The sale includes the 100-bed Memorial Hospital of York, the 214-bed Lancaster Regional Medical Center, the 148-bed Heart of Lancaster Regional Medical Center and the 165-bed Carlisle Regional Medical Center. The transaction is expected to close in summer, subject to regulatory approvals and customary closing conditions.

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