Community Health Systems Announces Definitive Agreement to Divest Two Washington Hospitals
12/13/16
Commenting on the announcement,
The transaction is expected to close in the second quarter of 2017, subject to customary regulatory approvals and closing conditions. This transaction is one of the seven transactions discussed on the Company’s third quarter 2016 earnings call. The Company will apply proceeds of the transaction to pay down debt.
About Community Health Systems, Inc.
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.
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Source:
Community Health Systems, Inc.
Investor Contact:
W. Larry
Cash, 615-465-7000
President of Financial Services and Chief
Financial Officer
or
Media Contact:
Tomi Galin,
615-628-6607
Senior Vice President, Corporate Communications,
Marketing and Public Affairs