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Article: Forstmann Little to acquire Community Health Systems, leading provider of healthcare services in non-urban areas, for $1.37 billion.
- Article from:
- Business Wire
- Article date:
- June 10, 1996
CopyrightCOPYRIGHT 1996 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK and NASHVILLE--(BUSINESS WIRE)--June 10, 1996--Forstmann Little & Co. and Community Health Systems, Inc.(NYSE:CYH), a leading provider of healthcare services in non-urban areas, today announced they have signed a definitive agreement for Forstmann Little to acquire all of the outstanding shares of Community Health Systems for $52 per share in cash.
The total value of the transaction is approximately $1.37 billion, including assumed and refinanced debt.
Forstmann Little will invest $1 billion of its own capital and Chase Manhattan Corp. has agreed to provide $900 million of bank financing. After all shares are purchased and debt refinanced, this ...
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Article: Fitch Expects to Rate Community Health ...
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... ... the incremental secured term loan for Community Health Systems, Inc. (Community Health). All other ratings remain unchanged ... portfolio of 77 hospitals in 22 states, Community Health Systems, Inc. is one of the largest publicly ...
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