ASSET PURCHASE AGREEMENT BY AND AMONG CHS/COMMUNITY HEALTH SYSTEMS, INC. AND CAMC PLATEAU MEDICAL CENTER, INC. AND VANDALIA HEALTH, INC. December 30, 2022Asset Purchase Agreement • April 3rd, 2023 • Community Health Systems Inc • Services-general medical & surgical hospitals, nec • West Virginia
THIS ASSET PURCHASE AGREEMENT (the “Agreement”) is made and entered into as of December 30, 2022, by and among CHS/COMMUNITY HEALTH SYSTEMS, INC., a Delaware corporation (“Seller”), CAMC PLATEAU MEDICAL CENTER, INC., a West Virginia nonprofit corporation (“Buyer”), and VANDALIA HEALTH, INC., a West Virginia nonprofit corporation (“Vandalia”).
COMMUNITY HEALTH SYSTEMS, INC. UNAUDITED PRO FORMA CONDENSED CONSOLIDATED FINANCIAL STATEMENTSAsset Purchase Agreement • April 3rd, 2023 • Community Health Systems Inc • Services-general medical & surgical hospitals, nec
On December 30, 2022, one or more affiliates of Community Health Systems, Inc. (the “Company”) entered into a definitive asset purchase agreement, as amended (the “Purchase Agreement”) for the sale of substantially all of the assets of Plateau Medical Center (“Plateau”) (25 licensed beds) in Oak Hill, West Virginia, to affiliates of Vandalia Health, Inc. (the “Transaction”). Effective April 1, 2023, one or more affiliates of the Company completed the sale of Plateau pursuant to the terms of the Purchase Agreement. The purchase price paid to the Company in connection with the Transaction at a preliminary closing on March 31, 2023 was approximately $92 million in cash.
