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community health systems expands presence with urgent care acquisition in arizona
Northwest Urgent Care, a subsidiary of Community Health Systems, has acquired urgent care centers from Carbon Health in Arizona, expanding its network to over 80 sites in the region. This move follows a $200 million investment in growth over the past five years, despite ongoing efforts to reduce $11 billion in debt through hospital sales. Recently, CHS announced plans to sell two Florida hospitals for $265 million, with the transaction expected to close in early 2025.
community health systems and woodbridge healthcare terminate 120 million hospital deal
Community Health Systems (CHS) has terminated its $120 million deal to sell three Pennsylvania hospitals to Woodbridge Healthcare due to funding issues. The divestiture was intended to help CHS reduce its estimated $11 billion debt, following a significant net loss of $355 million in Q3. CHS is now exploring future options for its Commonwealth Health assets.