Novant Health has entered into a Definitive Agreement to acquire Lake Norman Regional Medical Center and Davis Regional Medical Center, subsidiaries of Community Health Systems

CHICAGO – February 28^th, 2023, Novant Health (“Novant”) has signed a definitive agreement to acquire Lake Norman Regional Medical Center (Mooresville, NC), Davis Regional Medical Center (Statesville, NC) and their related businesses, including physician clinic operations and outpatient services from subsidiaries of Community Health Systems, Inc. (NYSE: CYH). The transaction is expected to close later this year, subject to customary regulatory approvals and closing conditions.

Kaufman Hall served as the exclusive transaction advisor to Novant.