CHS to Acquire Health Management Associates for $7.6B

Community Health Systems, based in Franklin, Tenn., will acquire Naples, Fla.-based Health Management Associates in a deal valued at $7.6 billion.

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Under the definitive merger agreement, which was unanimously approved by both companies’ board of directors, CHS will pay Health Management $3.9 billion in cash and stock. CHS valued Health Management’s stock at $13.78 per share. CHS will also assume $3.7 billion of Health Management’s debt.

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