Community Health to sell two North Carolina Hospitals to Novant Health for $320M

Community Health Systems "announced that subsidiaries of the Company have signed a definitive agreement to sell 123-bed Lake Norman Regional Medical Center, an acute care hospital in Mooresville, NC, and Davis Regional Medical Center in Statesville, NC, which is in the process of transitioning from a general acute care hospital to an inpatient behavioral health hospital, and their associated assets, to subsidiaries of Novant Health for cash consideration of approximately $320 million. The transaction is expected to close later this year, subject to customary regulatory approvals and closing conditions."