Asset DivestitureCYH announced an agreement to sell 80% of its ownership interest in Cedar Park Regional Medical Center to Ascension Health for proceeds of $460MM, which is viewed as a positive deal as it was able to sell these assets at a solid valuation.
Financial HealthThe divestitures will slightly reduce leverage, which is beneficial for the company's financial health.
Management StrategyAnalyst maintains a Buy rating based on management's progress in executing asset divestitures, which aids balance sheet de-leveraging and should provide support for the stock.