Duke Health has Entered into an Asset Purchase Agreement to Acquire Lake Norman Regional Medical Center from Community Health Systems, Inc.

Transaction Overview

CHICAGO - December 12^th, 2024 - Duke Health has entered into an asset purchase agreement to acquire Lake Norman Regional Medical Center in Mooresville, North Carolina, from Community Health Systems, Inc. (NYSE: CYH).

With a projected closing in the first quarter of 2025, Duke's acquisition of the 123-bed, acute-care hospital would represent a significant expansion of Duke Health clinical services outside the greater Triangle area.

Kaufman Hall Role

Kaufman Hall acted as the exclusive financial advisor to Duke Health.