Estimated read time: Less than a minute
This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.
(AP) - POSSIBLE DEAL: Community Health Systems Inc. plans to spend $3.9 billion to acquire Health Management Associates Inc. in a deal that would create the largest for-profit hospital chain based on the number of hospitals.
HOW BIG?: The deal would create a chain with about 206 hospitals in 29 states with a heavy presence in the South.
THE PARTICULARS: Community Health said Tuesday it will pay a combination of cash and stock valued at $13.78 for each HMA share. It also may make an additional contingent value right payment of up to $1 per share.
(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)