Community Health Systems divest four hospitals

• Community Health Systems CYH +1.9% announced that its subsidiaries have entered into an agreement to sell four hospitals and their associated assets to subsidiaries of Curae Health.
• Three hospitals in Mississippi includes 95-bed Merit Health Gilmore Memorial in Amory, 112-bed Merit HealthBatesville in Batesville, 181-bed Merit Health Northwest Mississippi in Clarksdale and 126-bed Highlands Regional Medical Center in Sebring, Florida.
• Net proceeds will be used to pay debt.