FRANKLIN, Tenn.--(BUSINESS WIRE)--Oct. 26, 2017--
Community Health Systems, Inc. (NYSE: CYH) announced today that Division
President Michael Portacci will retire on December 1, 2017.
Mr. Portacci currently oversees Division II Operations, which includes
affiliated hospitals in Alaska, Arizona, Arkansas, Louisiana, Missouri,
New Mexico and Texas. He joined the Company in 1988 as a hospital CEO,
and was promoted to group director with oversight for multiple
facilities in 1991. In 1995, he was promoted to vice president and he
was named senior vice president of group operations in 2001. He was
named division president in 2007. During his nearly 30-year tenure with
the Company, Mr. Portacci has overseen the strategic acquisitions of
several hospitals and large multi-specialty clinics, and he was a key
member of the integration team in the acquisitions of Triad Hospitals,
Inc. and Health Management Associates, Inc.
Commenting on the announcement, Wayne T. Smith, chairman and chief
executive officer of Community Health Systems, Inc., said, “Michael has
been an accomplished leader and an important member of our management
team. His nearly 30-year tenure spans all of our company’s major
milestones, as well as dynamic changes within the healthcare industry.
Michael has always recognized the importance of the local hospital in
its community and has a strong record of advocating for quality, safety,
and excellent patient care. His impact will continue on through the care
provided by the hospitals that have benefitted from his leadership.”
The Company intends to name a replacement to oversee Division II
Operations prior to the effective date of Mr. Portacci’s retirement.
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 129
affiliated hospitals in 20 states with an aggregate of approximately
21,000 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/20171026006214/en/
Source: Community Health Systems, Inc.
Community Health Systems, Inc.
Investor Contacts:
Thomas
J. Aaron, 615-465-7000
Executive Vice President and Chief Financial
Officer
or
Ross W. Comeaux, 615-465-7012
Vice President,
Investor Relations
or
Media Contact:
Tomi Galin,
615-628-6607
Senior Vice President, Corporate
Communications,
Marketing and Public Affairs
