Community Health Systems says it has agreed to sell ownership interests in a Clarksville, Tennessee hospital to Vanderbilt University Medical Center (VUMC) for $600m.
- Community Health Systems subsidiaries will sell their 80% ownership interests in two joint ventures, which respectively own and operate 270-bed Tennova Healthcare - Clarksville and certain ancillary businesses located in Clarksville to VUMC
- VUMC currently holds a minority ownership interest in these joint ventures and will purchase the remaining ownership interests through the transaction
- Transaction is expected to close in early 2026 subject to regulatory approvals
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