Community Health Systems, Inc. ‘s CYH subsidiaries have sold their ownership interest in two Texas hospitals and their associated assets to subsidiaries of HCA Healthcare Inc. HCA . The units divested include a 350-bed Tomball Regional Medical Center in Tomball and a 67-bed South Texas Regional Medical Center in Jourdanton.
The company is burdened with long-term debt and has therefore implemented portfolio rationalization and a deleveraging strategy by divesting hospitals and non-hospital businesses. Generally, these business lines are not in one of the company’s strategically beneficial service areas, are less complementary to its business strategy and have lower operating margin.
Significant divestitur…
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