Community Health to acquire Health Management for $3.9B

|About: Community Health Systems,... (CYH)|By:, SA News Editor

In a deal that's been expected for a while, Community Health Systems (CYH) agrees to acquire Health Management Associates (HMA) for $3.9B in cash and shares.

The offer of $13.78 a share is lower than the latter's close of $14.92 yesterday.

Community Health is also taking on $3.7B i debt, taking the total deal to $7.6B.

Health Management's shares are -4.8% to $14.20. (PR)