Community Health Systems, Inc.
Community Health Systems, Inc. Announces the Divestiture of Denton, Texas Hospital to Joint Venture Partner
Published in Hospital Law Weekly, April 16th, 2009
Community Health Systems, Inc. (NYSE: CYH) announced that the partnership units of its subsidiaries (Triad-Denton Hospital GP, LLC and Triad-Denton Hospital, LP) in a partnership that owns Presbyterian Hospital of Denton, in Denton, Texas, and other related hospital assets, have been sold to Texas Health Resources and its affiliate. Texas Health Resources was a minority partner in the limited partnership that owns the 255-bed hospital and exercised a right to purchase the 80 percent ownership interest held by the two Company subsidiaries. Texas Health Resources subsequently filed suit over terms of the transaction. A settlement was initially reached on December 23, 2008, which settled all...
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Source: Hospital Law Weekly (2009-04-16)
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