Ascension buys Cedar Park medical center

Ascension buys Cedar Park medical center

Community Health Systems has sold its majority ownership of a hospital to Ascension. The deal will make Ascension Health the sole owner of an Austin-area medical center. Included in this report is a list of the biggest hospitals in Central Texas.

#Strategic Shift in Healthcare Community Health Systems Divests Major Stake in Cedar Park Regional Medical Center

In a significant move within the healthcare sector, Community Health Systems, Inc. (NYSE: CYH) has unveiled its definitive agreement to divest its 80% ownership interest in Cedar Park Regional Medical Center a key facility located in the burgeoning Cedar Park, Texas to subsidiaries of Ascension Health for a remarkable $460 million in cash. This strategic transaction underscores not only the dynamic shifts in healthcare ownership but also reflect…