November 25, 2024 – Group Well being Methods, Inc. introduced that sure of the Firm's subsidiaries have entered right into a definitive settlement to promote ShorePoint Well being Port Charlotte, Port Charlotte, Florida, sure property of ShorePoint Well being Punta Gorda, positioned in Punta Gorda, Florida. and sure ancillary actions associated to such services, to subsidiaries of Adventist Well being System Sunbelt Healthcare Company
(AdventHealth) for $265 million in money, topic to sure internet working capital and different changes. Because of the impacts of Hurricane Helene and Hurricane Milton, Punta Gorda Hospital has suspended inpatient operations indefinitely.

The transaction is anticipated to shut within the first quarter of 2025, topic to regulatory approvals and shutting situations. This transaction is amongst extra potential divestitures mentioned through the firm's third-quarter 2024 earnings name and subsequent public appearances.

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