Franklin, Tenn.-based Community Health Systems has signed a definitive agreement to sell Crestwood Medical Center in Huntsville, Ala., to Huntsville (Ala.) Hospital Health System for $450 million.
The deal includes all of the assets tied to the 180-bed hospital and is expected to close in the second quarter of 2026, pending regulatory approvals and other closing conditions.
The transaction is one of several divestitures CHS has pursued in recent quarters as the for-profit health system reshapes its portfolio, improves its margins and trims its debt.
Last month, Kevin Hammons and Jason Johnson stepped into new leadership roles at CHS as CEO and executive vice president and CFO, respectively. They took over the positions after serving in them on an interim basis since Oct. 1.
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