FRANKLIN, Tenn.--(BUSINESS WIRE)--Apr. 28, 2017--
Community Health Systems, Inc. (NYSE: CYH) announced today that
subsidiaries of the Company have completed the sale of their ownership
interest in Stringfellow Memorial Hospital and associated assets to The
Health Care Authority of the City of Anniston. The effective date of the
transaction is May 1, 2017.
With the divestiture of the Anniston hospital, Community Health Systems
affiliates continue to operate six hospitals in Alabama.
This transaction is one of the planned hospital divestitures previously
discussed. The Company will provide an update on its divestiture
activity on its first quarter 2017 earnings call scheduled to begin at
11:00 a.m. Central time, 12:00 p.m. Eastern time, on Tuesday, May 2,
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 157
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.
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.
Community Health Systems, Inc.
Larry Cash, 615-465-7000
President of Financial Services and Chief
Ross W. Comeaux, 615-465-7012
Director – Investor Relations
Senior Vice President, Corporate
Marketing and Public Affairs