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Community Health Systems, Inc.
Community Health Systems and Texas Health Resources Announce Pending Legal Settlement and Disposition of Denton, Texas Facility
January 25th, 2009
Community Health Systems, Inc. (NYSE: CYH) and Texas Health Resources announced that on December 23, 2008, Plaintiff Texas Health Resources and Defendants Triad-Denton Hospital, GP, LLC, Triad-Denton Hospital, L.P., and certain of their affiliated companies reached a settlement in principle regarding an action pending in the United States District Court of the Eastern District of Texas. Pursuant to the contemplated settlement, it is anticipated that on or before March 31, 2009, Triad-Denton Hospital, GP, LLC and Triad-Denton Hospital, L.P. will convey their partnership units in a partnership with Texas Health Resources that owns Presbyterian Hospital of Denton in Denton, Texas and other...
Source: Pharma Investments, Ventures & Law Weekly (2009-01-25)
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