FRANKLIN, Tenn.--(BUSINESS WIRE)--Jun. 30, 2017--
Community Health Systems, Inc. (NYSE:CYH) announced today that
subsidiaries of the Company have completed the sale of their ownership
interest in four Pennsylvania hospitals and their associated assets to
subsidiaries of PinnacleHealth System. Facilities included in the
transaction are 165-bed Carlisle Regional Medical Center in Carlisle,
214-bed Lancaster Regional Medical Center in Lancaster, 148-bed Heart of
Lancaster Regional Medical Center in Lititz, and 100-bed Memorial
Hospital in York. The effective date of the transaction is July 1, 2017.
With the divestitures completed, Community Health Systems affiliates
continue to operate 11 hospitals in Pennsylvania.
The four hospitals included in this transaction are part of the 30
planned hospital divestitures discussed on the Company’s first quarter
2017 earnings call.
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 139
affiliated hospitals in 21 states with an aggregate of approximately
22,000 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.
Executive Vice President and Chief Financial
Ross W. Comeaux, 615-465-7012
Vice President –
Senior Vice President, Corporate Communications,
Marketing and Public Affairs