FRANKLIN, Tenn.--(BUSINESS WIRE)--Dec. 31, 2015--
Community Health Systems, Inc. (NYSE: CYH) announced today that
subsidiaries of the Company have completed the sale of Bartow Regional
Medical Center in Bartow, Florida, along with related outpatient
services, to subsidiaries of BayCare Health System, Inc. The effective
date of the transaction is January 1, 2016.
With the divestiture of Bartow Regional Medical Center, Community Health
Systems affiliates continue to operate 25 hospitals in Florida. The
Company does not expect the transaction to have a meaningful impact on
financial operations.
Forward-Looking Statements
Statements contained in this news
release regarding expected operating results, acquisition transactions
or divestitures 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.
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. Through its subsidiaries,
the Company currently owns, leases or operates 196 affiliated hospitals
in 29 states with an aggregate of approximately 30,000 licensed beds.
The Company has announced plans for a spin-off transaction to create a
new, publicly-traded company, Quorum Health Corporation, with 38
affiliated hospitals and related outpatient services in 16 states,
together with Quorum Health Resources, LLC, a subsidiary providing
management and consulting services to non-affiliated hospitals. The
transaction is expected to close during the first quarter of 2016.
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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20151231005238/en/
Source: Community Health Systems, Inc.
Community Health Systems, Inc.
Investor Relations:
W. Larry
Cash, 615-465-7000
President of Financial Services and Chief
Financial Officer
or
Media Relations:
Tomi Galin,
615-628-6607
Senior Vice President, Corporate Communications,
Marketing and Public Affairs
