FRANKLIN, Tenn.--(BUSINESS WIRE)--Mar. 3, 2017--
Community Health Systems, Inc. (NYSE:CYH) announced today that
subsidiaries of the Company have signed a definitive agreement to sell
125-bed Stringfellow Memorial Hospital in Anniston, Alabama, to The
Health Care Authority of the City of Anniston. The purchase price of $25
million includes assumption of the approximately $13 million facility
lease.
The transaction is expected to close in the second quarter of 2017,
subject to customary regulatory approvals and closing conditions, as
well as a financing contingency. This transaction is one of the 25
transactions discussed on the Company’s fourth quarter and year-end 2016
earnings call.
About Community Health Systems, Inc.
Community Health Systems, Inc. is one of the largest publicly traded
hospital companies in the United States and a leading operator of
general acute care hospitals in communities across the country. The
Company, through its subsidiaries, owns, leases or operates 158
affiliated hospitals in 22 states with an aggregate of approximately
26,000 licensed beds. The Company’s headquarters are located in
Franklin, Tennessee, a suburb south of Nashville. Shares in Community
Health Systems, Inc. are traded on the New York Stock Exchange under the
symbol “CYH.” More information about the Company can be found on its
website at www.chs.net.
Forward-Looking Statements
Statements contained in this news release regarding potential
transactions, operating results, and other events are forward-looking
statements that involve risk and uncertainties. Actual future events or
results may differ materially from these statements. Readers are
referred to the documents filed by Community Health Systems, Inc. with
the Securities and Exchange Commission, including the Company’s annual
report on Form 10-K, current reports on Form 8-K and quarterly reports
on Form 10-Q. These filings identify important risk factors and other
uncertainties that could cause actual results to differ from those
contained in the forward-looking statements. The Company undertakes no
obligation to revise or update any forward-looking statements, or to
make any other forward-looking statements, whether as a result of new
information, future events or otherwise.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170303005776/en/
Source: Community Health Systems, Inc.
Community Health Systems, Inc.
Investor Contacts:
W.
Larry Cash, 615-465-7000
President of Financial Services and Chief
Financial Officer
or
Ross W. Comeaux, 615-465-7012
Senior
Director – Investor Relations
or
Media Contact:
Tomi
Galin, 615-628-6607
Senior Vice President, Corporate
Communications, Marketing and Public Affairs
