FRANKLIN, Tenn.--(BUSINESS WIRE)--Nov. 1, 2018--
Community Health Systems, Inc. (NYSE: CYH) announced today that
subsidiaries of the Company have completed the sale of Sparks Health
System – 492-bed Sparks Regional Medical Center in Ft. Smith, Ark. and
103-bed Sparks Medical Center in Van Buren, Ark. and related businesses,
including physician clinic operations and outpatient services – to
Baptist Health in Little Rock, Ark. The effective date of the
transaction is November 1, 2018.
The hospitals are among the announced divestitures discussed on the
Company’s third quarter 2018 earnings call.
Community Health Systems affiliates continue to operate six hospitals in
Arkansas.
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 115
affiliated hospitals in 20 states with an aggregate of approximately
19,000 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: https://www.businesswire.com/news/home/20181101005171/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
