AdventHealth Enters into Agreement to Acquire Florida Health Care Facilities

November 22, 2024 (Altamonte Springs, FL) – AdventHealth, one of the premier faith-based, not-for-profit health systems in the U.S., has signed a definitive agreement to purchase ShorePoint Health Port Charlotte and certain assets of ShorePoint Health Punta Gorda from affiliates of Community Health Systems, Inc. (NYSE: CYH). The transaction also includes related businesses, including physician clinic operations, outpatient services and ShorePoint Health Emergency Department in Cape Coral.

“We are excited about the opportunity to bring whole-person care to these communities and look forward to partnering with the dedicated team members and physicians to meet the growing health care needs of Southwest Florida,” said Terry Shaw, president/CEO for AdventHealth.

The transaction is expected to close by the end of the first quarter of next year. In the meantime, AdventHealth and affiliates of CHS are committed to working together to ensure a smooth transition for team members, physicians and consumers.

“Our ShorePoint family of providers, with its skilled physicians and compassionate employees, is a resource for safe, quality care in our communities, and becoming part of AdventHealth creates exciting possibilities for the future,” said Andy Romine, CEO for ShorePoint Health.

The transaction is subject to standard regulatory approvals.

About ShorePoint Health Port Charlotte and ShorePoint Health Punta Gorda

ShorePoint Health Port Charlotte is a full-service hospital that is committed to caring for people throughout their cycle of life. ShorePoint Health Punta Gorda is indefinitely closed following damage from hurricanes Helene and Milton. For more information about these hospitals, visit shorepointhealthcharlotte.com.

About AdventHealth

With a sacred mission of Extending the Healing Ministry of Christ, AdventHealth is a connected system of care for every stage of life and health. A shared vision, common values, focus on whole-person health and commitment to making communities healthier unify the system's hospital campuses in diverse regions throughout nine states. For the latest information about AdventHealth, visit AdventHealth.com/news.