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ShorePoint Health Port Charlotte is now AdventHealth Port Charlotte

1. AdventHealth acquired ShorePoint Health Port Charlotte's 254-bed hospital and operations. 2. The hospital is renamed AdventHealth Port Charlotte after the purchase agreement closed. 3. Community Health Systems, Inc. closed the Punta Gorda site due to hurricane damage. 4. AdventHealth plans to assess community needs for quality care delivery. 5. Adam Johnson has been appointed as the new president/CEO for the hospital.

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FAQ

Why Bearish?

The closure of the Punta Gorda site and sale to AdventHealth reflects strategic realignment. Historical examples include CHS restructuring impacting stock prices negatively.

How important is it?

The sale indicates restructuring efforts by CYH, potentially affecting market perception.

Why Short Term?

The immediate effects of closing facilities may lead to revenue impact in quarters ahead.

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The hospital and its related facilities have joined AdventHealth's robust network of care , /PRNewswire/ -- ShorePoint Health Port Charlotte in Port Charlotte, Florida, has joined AdventHealth, one of the largest faith-based health systems in the United States. The national health system has purchased the 254-bed full-service hospital and its related businesses, physician clinic operations and outpatient services. AdventHealth is renaming the hospital AdventHealth Port Charlotte and welcoming more than 1,300 new team members and more than 80 providers into the organization. The new name reflects AdventHealth's national brand and network of care. All related care sites and physician practices have also been rebranded to AdventHealth. "We are honored to bring AdventHealth's unique brand of whole-person care to Port Charlotte and are thankful to partner with the team members, physicians, patients and residents of this community to deliver exceptional care for the body, mind and spirit," said Terry Shaw, president/CEO for AdventHealth. The purchase agreement with affiliates of Community Health Systems, Inc. (NYSE: CYH), closed on March 1, 2025, and includes the land where ShorePoint Health Punta Gorda is located as well as related businesses, such as physician clinic operations, outpatient services and the ShorePoint Health Emergency Department in Cape Coral. The hospital site in Punta Gorda was permanently closed by Community Health Systems, Inc. following damage from hurricanes Helene and Milton. AdventHealth plans to work with the Punta Gorda community to assess its needs and determine the best way to care for its residents. "AdventHealth is thrilled to welcome the talented and resilient teams at ShorePoint Health into our integrated health network, building on their strong legacy of serving the Charlotte County community," said David Ottati, president/CEO for AdventHealth West Florida. "Together, we are committed to addressing the needs of this region with compassion and delivering exceptional clinical outcomes." AdventHealth has appointed Adam Johnson as president/CEO for AdventHealth Port Charlotte which also includes the offsite emergency room located in Cape Coral. Johnson will report to Ottati. Johnson most recently served as chief operating officer for AdventHealth Ocala, where he helped recruit multiple new physicians and directed more than $70 million in large capital projects to improve the hospital and increase access to care. "I'm honored and humbled to be called to lead in Charlotte County," Johnson said. "There is an amazing group of team members and providers in place, and it is exciting to have them join the AdventHealth team and culture. I am committed to fostering an environment where our people can continue to thrive and provide the highest quality of care to our patients, extending the healing ministry of Christ in Port Charlotte and beyond."  AdventHealth is committed to a smooth transition with a focus on supporting team members and providers while continuing to deliver safe, high-quality, whole-person care to patients. About AdventHealthAdventHealth is a connected network of care that helps people feel whole – body, mind and spirit. More than 100,000 team members across a national footprint provide whole-person care to nearly nine million people annually through more than 2,000 care sites that include hospitals, physician practices, ambulatory surgery centers, outpatient clinics, home health agencies, hospice centers, the AdventHealth app and more. Our wholistic approach to improving the health and prosperity of our communities is inspired by our mission to extend the healing ministry of Christ. For the latest information about AdventHealth, visit AdventHealth.com/news. SOURCE AdventHealth West Florida Division WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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